Piasecki Aircraft and Columbia Helicopters Partner to Deliver Upgraded Heavy-Lift Tandem Rotorcraft [Yahoo! Finance]
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Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
COATESVILLE, PA / ACCESSWIRE / July 3, 2024 / Piasecki Aircraft Corporation (PiAC), a global leader in advanced Vertical Take Off and Landing (VTOL) aircraft development, and Columbia Helicopters (CHI), the world's premier tandem rotor helicopter OEM, MRO, and operator, today announced a strategic collaboration to deliver upgraded heavy-lift helicopters worldwide. The collaboration will upgrade existing Model 107-II helicopters to a new, more fuel-efficient, powerful and robust Columbia Model CHI-107-III configuration. This partnership supports customers in essential services such as emergency response, aerial firefighting, forestry, infrastructure, and defense. The military variant of the Model 107-II is the CH-46E Sea Knight (Phrog), which served with the U.S. Marine Corps and Navy, as well as allies in Sweden and Japan. Modifications and testing will take place at Piasecki's 219,000-square-foot heliplex facility in Coatesville, Pennsylvania - acquired in 2023 from Lockheed Mar
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LMT
Earnings
- 4/23/24 - Beat
LMT
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- 6/24/24 - Form 11-K
- LMT's page on the SEC website