State Department Approves Potential $3.4B CH-53K Helicopter Sale to Israel
The State Department has approved Israel’s request to procure 18 CH-53K heavy-lift helicopters, manufactured by Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary, through a potential $3.4 billion foreign military sales transaction with the U.S. government.
The possible FMS deal will include T408-GE-400 engines from
General Electric (NYSE: GD), embedded positioning and inertial navigation
systems, communications equipment, training and logistics support services, the
Defense Security Cooperation Agency said Friday.
DSCA noted that Israel is buying CH-53K helicopters for use
in the country’s military transportation, homeland defense and regional
deterrence efforts.
The proposed transaction will require the deployment of up
to four contractor representatives to the Middle Eastern country to perform
support work over three-year period.
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