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The Maritime Helicopters Support Company awarded contract renewal of USD1.4bn ... - Trading Markets (press release)

The Maritime Helicopter Support Company, a joint venture of Lockheed Martin (NYSE: LMT | PowerRating) and Sikorsky Aircraft Corporation, has received a USD1.4bn firm fixed price contract from the US Navy to continue providing performance-based logistics support for over 490 in-service H-60 SEAHAWK helicopters.

Under the contract announced on Thursday, the Maritime Helicopter Support Company (MHSCo) will manage the supply chain and provide as-needed repair of over 1,250 aircraft components and subsystems for the Navy's H-60 Tip-to-Tail performance-based logistics (PBL) programme.

The supported aircraft include Navy SH-60B, SH-60F, HH-60H, MH-60R and MH-60S helicopters, Coast Guard HH-60J helicopters and other H-60 aircraft operated by customers of the Navy's Foreign Military Sales programme.

Sikorsky's aftermarket support company Sikorsky Aerospace Services, and Lockheed Martin Mission Systems and Sensors, will fulfil the contract through 31 January 2015.

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Last modified onSaturday, 22 January 2011 08:02
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