Lockheed Martin (LMT) unit Sikorsky has signed a contract with Israel's defense ministry to integrate Israeli systems into 12 of its CH-53K Pere helicopters, Reuters reported Monday, citing the ministry.
The modifications contract is worth hundreds of millions of dollar and is part of a foreign military sales deal between Israel and the US, according to the report.
The deal between the countries was signed several years ago but made public on Monday, Reuters added.
Sikorsky is assembling the helicopters at its headquarter in Stratford, Connecticut, and has a separate production line to modify the aircraft, Reuters reported, citing Israeli defense ministry.
Neither Lockheed Martin nor Israeli defense ministry immediately responded to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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