Lockheed Martin's Sikorsky secures about $11 billion US navy contract

Core Insights - Sikorsky, a subsidiary of Lockheed Martin, has secured a contract worth nearly $11 billion from the U.S. Navy for the production of up to 99 CH-53K King Stallion helicopters [1] Company Summary - Sikorsky is a subsidiary of Lockheed Martin [1] - The contract with the U.S. Navy is significant, amounting to nearly $11 billion [1] - The contract involves the construction of up to 99 helicopters, specifically the CH-53K King Stallion model [1] Industry Summary - The defense industry continues to see substantial contracts awarded, indicating ongoing investment in military capabilities [1] - The CH-53K King Stallion helicopter represents advanced technology in military aviation, reflecting trends in modernization and capability enhancement within the sector [1]