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Denmark Selects U.S. Navy's MH-60R SEAHAWK® Helicopter

Stocks in this article: LMT

WASHINGTON, Dec. 6, 2012 /PRNewswire/ -- The U.S. Navy announced today that the Danish government signed an official letter of offer and acceptance formalizing its intent to buy nine MH-60R SEAHAWK ® helicopters and comprehensive logistics support for its Maritime Helicopter Replacement Program.

Valued at US $686 million (Kr 4 billion), the aircraft will be procured via the U.S. government's Foreign Military Sales program.

"It's great news that the Danish government has selected the U.S. Navy's MH-60R, an aircraft we believe is the world's most capable multi-mission maritime helicopter," said Rear Adm. Paul Grosklags, Program Executive Officer, Air, ASW, Assault and Special Mission Programs. "Danish pilots and crew will be able to fly with the confidence that these aircraft have been proven operationally capable at sea and have the full logistics support already in place to ensure they are ready and able to fly anytime, anywhere in the world."

Denmark is the second country to buy MH-60R helicopters following Australia's purchase of 24 aircraft in 2011. All nine aircraft will be delivered to the Danish government by 2018.

The Danish aircraft are configured for anti-surface warfare operations, including defending Danish interests in the North Atlantic, executing anti-piracy operations, and conducting other missions during international deployments. 

The U.S. Navy was supported in its winning proposal by Team Seahawk, consisting of MH-60R airframe manufacturer Sikorsky Aircraft, mission systems integrator Lockheed Martin, engine manufacturer GE, sensor supplier Raytheon Corp., and training supplier CAE.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion.

Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. Its parent company, United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries.

This press release contains forward-looking statements concerning potential production and sale of helicopters. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices, budget plans or availability of funding or in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.

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