From Yahoo Finance: 2025-04-25 12:59:00

Lockheed Martin’s shares rose as Sikorsky signed a long-term deal with Bristow Group to enhance support for its S-92 helicopter fleet, which includes over 60 aircraft used in offshore energy and search and rescue sectors globally. The deal includes Sikorsky’s Total Assurance Program for predictable aftermarket support, minimizing unexpected costs.

The agreement will provide Bristow’s global fleet with Power-by-the-Hour (PBH) for offshore energy and SAR helicopters, covering over 90% of replacement parts and offering enhanced global support through Sikorsky’s FSL/FSR network. The deal aims to ensure continued success for the S-92 helicopter, known for high availability and efficiency in demanding industries.

Lockheed Martin recently acquired Amentum Holdings’ Rapid Solutions hardware and product business for $360 million. The company reported a 4% year-over-year increase in net sales to $18 billion, beating consensus estimates, with a GAAP EPS of $7.28, surpassing expectations. As of March 31, Lockheed Martin had cash and cash equivalents of $1.80 billion.

Investors can track the defense sector through ETFs like the First Trust Indxx Aerospace & Defense ETF (MISL) and the Invesco Aerospace & Defense ETF (PPA). Lockheed Martin’s shares were up 1.94% at $475.86.



Read more at Yahoo Finance: Sikorsky Taps Lockheed Martin To Bolster S-92 Helicopter Support