South Korea selects Sikorsky for presidential helicopter program

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[Magnifying glass over a map of Korea] Lockheed Martin’s (LMT [https://seekingalpha.com/symbol/LMT]) Sikorsky unit has been selected to supply S-92A+ helicopters for South Korea’s Presidential Helicopter II program, the company announced. The aircraft will serve the Republic of Korea Air Force. For investors, the selection adds demand for Sikorsky’s upgraded S-92 platform and includes equipment and maintenance support that could generate revenue beyond aircraft deliveries. The announcement did not disclose the contract’s value, the number of helicopters ordered or a delivery schedule, limiting assessment of its financial impact. [Rendering courtesy of Sikorsky, a Lockheed Martin company.] Rendering courtesy of Sikorsky, a Lockheed Martin company.