Feb. 14 (UPI) -- Sikorsky has been awarded a contract for the initial production of seven Lot III CH-53K King Stallion aircraft, a large heavy-lift cargo helicopter.
The deal, announced Tuesday by the Department of Defense, is valued at $126.5 million and is a modification to a previous award under the terms of a fixed-price-incentive-firm target, cost-plus-fixed-fee contract.