Lockheed Martin subsidiary Sikorsky has received a five-year multiyear procurement contract worth as much as $10.9 billion for up to 99 CH-53K King Stallion helicopters for the Marine Corps. Awarded on Friday, the contract is expected to yield $1.5 billion in cost savings from 2025 to 2029 and marks the first use of multiyear procurement for the CH-53K -- a critical Marine Corps platform replacing the legacy CH-53E Super Stallion as the Pentagon’s only rotary-wing, heavy-lift aircraft. Congress authorized the...
