Sikorsky Wins $47 Million to Convert Army Black Hawks for Taiwan
Boeing made headlines when, in August, it announced it was expanding a 2007 deal to supply the government of Taiwan with 30 of the company's AH-64E Apache Longbow attack helicopters. But next year, Taiwan will begin taking delivery of a separate order for military helicopters -- nearly twice as big.
The deal in question, for 60 Sikorsky UH-60 Black Hawks, was originally estimated to be worth $3.1 billion to Sikorsky parent company United Technologies -- and on Friday, Taiwan's order got a little bit bigger. The Department of Defense has announced the award to Sikorsky of a $46.9 million firm-fixed-price contract to convert 26 U.S. Army UH-60M Black Hawk aircraft to Taiwan Army and Taiwan National Airborne Service Corps configurations. Delivery of the converted Black Hawks is expected to be complete by Aug. 30, 2016.
To date, Taiwanese media confirm that six of the 30 Boeing Apaches have already been delivered to Taiwan, with the remainder due for arrival next year. Deliveries of the Black Hawks will commence after that.
The article Sikorsky Wins $47 Million to Convert Army Black Hawks for Taiwan originally appeared on Fool.com.
Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.