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Navy Move To 'break' Multiyear Deal Worries Industry: Sikorsky

By DMO Affiliate
Sikorsky Aircraft said on Wednesday the U.S. Navy's plan to skip orders for 29 MH-60 helicopters in the final year of a five-year contract could undermine the industry's willingness to sign such cost-saving agreements in the future. Tim Healy, director of maritime programs for Sikorsky, a unit of United Technologies Corp, said that any move by the Navy to "break" the agreement in fiscal 2016 could also raise the cost of 60 U.S. Army Black Hawk helicopters included in the deal. Sikorsky signed an $8.5 billion contract with the Army and Navy in July 2012 to buy 653 Black Hawk and Seahawk helicopters through December 2017.
Navy Move To 'break' Multiyear Deal Worries Industry: Sikorsky

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