Lockheed Martin Corporation (LMT) secures a five-year contract from the U.S. Navy valued at nearly $11 billion to build up to 99 CH-53K King Stallion helicopters for the Marine Corps. This is the largest order to date for the aircraft and will ensure consistent delivery between 2029 and 2034, supporting thousands of production jobs. Sikorsky, a subsidiary of Lockheed Martin, will partner with the Department of the Navy to optimize production efficiencies and stabilize the supply chain. In related news, New Zealand plans to spend NZ$2 billion on five MH-60R Seahawk helicopters from Sikorsky.

Read more at Yahoo Finance: 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