LaBarge (LB) - Get L Brands, Inc. Report got $9 million worth of long-term contracts from United Technologies' (UTX) - Get United Technologies Corporation Report Sikorsky Aircraft to provide wiring harnesses, printed circuit card assemblies and sensor assemblies for Black Hawk helicopters.
St. Louis-based LaBarge said at least two-thirds of the initial release under the contracts is scheduled to ship in the current fiscal year. Additional releases under the long-term contracts are expected.
Work on the program has begun at LaBarge's Huntsville, Ark., Joplin, Mo., and Tulsa, Okla., facilities.
"We are excited about this new business and proud to be selected by Sikorsky as a manufacturing partner on the Black Hawk program," CEO Craig LaBarge said. "These contracts are an excellent example of our success in developing new customers who desire LaBarge's broad-based capabilities and expertise in the electronics manufacturing services arena."
On Friday, LaBarge rose 24 cents to $13.62.