Lockheed upbeat on possible foreign helicopter sales

March 16, 2016 | Bethesda, Md.
By Reuters
Lockheed Martin executives on Tuesday said they were optimistic about foreign sales prospects for CH-53K heavy lift helicopters and H-60 Black Hawk helicopters built by its new Sikorsky unit.

Such orders would help offset a slump in commercial helicopter orders triggered by the downturn in oil prices that has slowed demand from the oil and gas sector, Lockheed Chief Financial Officer Bruce Tanner told Reuters at the company's annual media day.

In Germany, Sikorsky's CH-53K helicopter is competing with Boeing Co's CH-47 Chinook helicopter for 60 potential orders, with Germany expected to issue a formal request for proposals in the next three to six months. | READ MORE

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