Lockheed Martin's Sikorsky to Upgrade US Navy CH-53K
Lockheed Martin Corp.’s LMT Sikorsky business unit recently clinched a contract to conduct configuration changes for CH-53K helicopter. The configuration will support initial operational test and evaluation for lot 1 low rate initial production of the helicopter.
Valued at $12 million, the contract is expected to be completed in January 2022. Work related to the deal will be executed in Stratford, CT. The deal was awarded by the Naval Air Systems Command, Patuxent River, Maryland.
The Sikorsky CH-53K King Stallion is a large, heavy-lift cargo helicopter currently being developed by Sikorsky Aircraft for the United States Marine Corps (USMC). The design features three 7,500 shp (5,590 kW) engines, new composite rotor blades, and a wider aircraft cabin than previous CH-53 variants. It will be the largest and heaviest helicopter in the U.S. military.
The CH-53K helicopter takes forward Sikorsky’s 50 years of manufacturing and operational success with its CH-53A, CH-53D/G and CH-53E predecessors. The new heavy lifter allows the U.S. Marine Corps and international militaries to move troops and equipment from ship to shore, and to higher altitude terrains more quickly and effectively.
It is also effective for handling missions like humanitarian aid, troop transport, casualty evacuation, support of special operations forces, and combat search and rescue (CSAR).
In recent times, military helicopters in the U.S. aerospace-defense market have gained prominence and significant traction due to advancements and integration of new tactical, logistical and other important features. Some of these developments have also been made by Lockheed Martin, paving the way toward securing valuable helicopter-related contracts in recent times.
Such contracts are indicative of solid revenue growth prospects for the company’s Rotary and Mission Systems (RMS) business segment, which comprises the Sikorsky helicopters.
With the fiscal 2020 defense budget offering investment potential worth $57.7 billion in Aircraft, we may expect Lockheed Martin’s RMS unit to receive consistent order flows from the Pentagon like the latest one. This, in turn, should lead to top-line growth for the unit in the coming days.