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Helicopter Makers Land Big Deals For Helicopters

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Two aircraft makers landed big deals for helicopters Thursday, including a potential sale to Slovakia aimed at "helping to improve the security of a Nato ally."

The Defense Security Cooperation Agency on Thursday approved the potential sale of nine UH-60M Black Hawk helicopters to Slovakia, including associated equipment, parts and logistical support for an estimated cost of $450 million.

Black Hawks are made by United Technology Corporation's (NYSE: UTX) Sikorsky unit.

News of the Slovakia approval came as a top Nato commander in Europe said the alliance should prepare for a large-scale conventional assault by Russia on an eastern European member state.

General Sir Adrian Bradshaw, Nato's deputy commander of forces in Europe, made the comment Friday before an audience at a London think tank.

Separately, the Department of Defense on Thursday awarded Boeing Co (NYSE: BA) a $591.3 million contract for 35 AH-64E Apache helicopters with an estimated completion date of July 31.

Helicopters are a "potential bright spot"in the Defense Department's latest budgets, according to The Wall Street Journal, which reported the two contracts earlier.

Posted-In: Contracts Intraday Update


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