Lockheed Martin (NYSE:LMT)’s Owego plant has won $249 million in new U.S. Navy contracts
The company will improve the H-60 helicopter fleets and cull advances from the defunct presidential helicopter project. The Owego site will receive $179 million as part of a joint contract with Sikorsky Aircraft that will support the helicopter fleet.
According to U.S. Rep. Maurice Hinchey’s office, Lockheed Martin (NYSE:LMT)’s work will help the Navy sustain current aircraft and avoid a more costly replacement of the fleet.
Lockheed Martin (NYSE:LMT) Updates Helicopter Fleet