Lockheed Martin : , Sikorsky venture awarded $2 billion helicopter support deal
February 27, 2015 at 05:47 pm EST
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WASHINGTON (Reuters) - The U.S. Navy has awarded a joint venture of Lockheed Martin Corp (>> Lockheed Martin Corporation) and Sikorsky Helicopter a contract worth $2 billion to service the Navy's H-60 helicopters through Jan. 31, 2020, the Pentagon announced on Friday.
WASHINGTON (Reuters) - The U.S. Navy has awarded a joint venture of Lockheed Martin Corp (>> Lockheed Martin Corporation) and Sikorsky Helicopter a contract worth $2 billion to service the Navy's H-60 helicopters through Jan. 31, 2020, the Pentagon announced on Friday.
The fixed-price contract covers "performance-based logistics" on 1,710 assemblies and components, and covers the repair, modification, overhaul and replacement of hardware for the Navy's fleet of H-60 helicopters.
The contact was awarded to Marine Helicopter Support Co, a joint venture of Lockheed and Sikorsky, is a unit of United Technologies Corp (>> United Technologies Corporation).
(Reporting by Andrea Shalal; editing by Gunna Dickson)
Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows:
- sale of aeronautic systems (40.7%): military and civilian aircraft, primarily for government organizations;
- sale of helicopters, mission and electronic systems (24%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.;
- sales of aerospace systems (18.7%): satellite systems, missile systems and space transport systems;
- sale of air defense and fire control systems (16.6%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc.
Net sales break down by source of income into sales of products (83.3%) and services (16.7%).
Net sales are distributed geographically as follows: the United States (74.3%), Europe (9.5%), Asia/Pacific (8.3%), Middle East (5.8%) and other (2.1%).