The U.S. Navy has acquired all MH-60 SEAHAWK aircraft since 2002 via five-year contracts. The current 2012-2017 contract funds 193 MH-60R/S SEAHAWK helicopters, plus another 24 Romeo helicopters for the Royal Australian Navy. Actual production quantities will be determined year-by-year over the life of the program based on funding allocations set by Congress and Pentagon acquisition priorities.
Sikorsky will deliver the first four RAN aircraft (before mission systems integration) during 2013. Additionally, Sikorsky will deliver the first two (of nine) Romeo aircraft for the Royal Danish Navy during 2014.
Sikorsky produces the MH-60R/S SEAHAWK aircraft models on separate production lines at its final assembly facility in Stratford, Conn. Avionics prime contractor Lockheed Martin performs all mission systems integration for Romeo aircraft at its Mission Systems and Training facility in Owego, N.Y., and also produces the digital cockpit common to both Romeo and Sierra models.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. 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 opportunities for 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, availability of funding and in the type and number of aircraft required; challenges in the 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. SOURCE Sikorsky Aircraft Corp.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV