Sikorsky Wins $8.5B Helicopter Deal Despite Co.'s Expo Woes

Law360, New York (July 10, 2012, 9:10 PM EDT) -- Sikorsky Aircraft Corp. on Monday signed an $8.5 billion contract to deliver Black Hawk and Seahawk helicopters to the U.S. Army and Navy, despite its parent company's recent $75 million settlement in a federal probe that accused the contractor of selling restricted technology to China.

Under the new five-year contract, Sikorksy will deliver a baseline quantity of 653 Black Hawk and Seahawk helicopters through December 2017. Sikorsky said that the contract terms, which set a steady rate of purchases across the five-year agreement, will allow the...
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