Lockheed Martin Corporation (LMT)’s Sikorsky Secures Nearly $11B Contract to Build Up to 99 CH-53K King Stallion Helicopters for the U.S. Marine Corps

Core Points - Lockheed Martin Corporation's subsidiary Sikorsky has secured a five-year contract from the U.S. Navy valued at nearly $11 billion to produce up to 99 CH-53K King Stallion helicopters for the Marine Corps [1][2] - This contract represents the largest order for the CH-53K aircraft to date and will ensure consistent delivery from 2029 to 2034, supporting thousands of production jobs at Sikorsky and its supply chain [2][3] - The contract is expected to enhance the operational capabilities of the Marine Corps by providing advanced heavy-lift helicopters, thereby maintaining a strategic advantage in evolving battlefields [3] Financial Impact - The contract's value of nearly $11 billion signifies a substantial financial commitment and potential revenue boost for Lockheed Martin and its subsidiary Sikorsky [1][2] - The multi-year nature of the contract allows for long-term planning and stability in production and workforce management [3] Industry Context - The contract aligns with broader trends in defense spending and military modernization, reflecting ongoing investments in advanced military technology [2][3] - The recent announcement of New Zealand's government spending NZ$2 billion on five MH-60R Seahawk helicopters from Sikorsky indicates international demand for Lockheed Martin's products [3]