Sikorsky Aircraft has landed a huge government contract to supply Black Hawk helicopters â€“ the biggest single deal ever signed by the Stratford based company.
The initial contract is valued at 7.4 billion dollars, and covers the supply of 537 Black Hawks for the Army and Navy over the next five years. But if all the options in the contract are exercised, it could potentially be worth more than eleven billion dollars, and include more than 260 additional aircraft. Sikorsky will supply several different variants of the Black Hawk, including SeaHawks for the Navy, and Medevac craft for the Army. The contract also includes technical guidance and on-site training for military maintenance personnel. The company has been ramping up production over the last year, and adding employment in Connecticut, with almost nine hundred new posts in 2007. The deal comes as Sikorskyâ€™s parent company prepares to affirm its earnings guidance for next year. A strong performance by the companyâ€™s aerospace components has boosted its results this year â€“ analysts expect UTC to back its outlook for growth of between 10 and 14 percent next year.