* Decade-long contract could be expanded<\/p>\n
* Sikorsky beat AgustaWestland to the deal<\/p>\n
(Adds details)<\/p>\n
ISTANBUL, April 21 (Reuters) – Turkey has awarded U.S. firm Sikorsky a contract on Thursday worth $3.5 billion to supply 109 military helicopters, with the possibility of nearly 500 more over 10 years.<\/p>\n
Sikorsky, owned by United Technologies (UTX.N), beat a rival bid by Italy’s AgustaWestland, owned by Finmeccanica (SIFI.MI).<\/p>\n
Defence Minister Vecdi Gonul said the decade-long project could eventually become far larger.<\/p>\n
“At first stage, 109 helicopters will be supplied, but this can increase up to 600 helicopters during the 10-year term of the project,” Gonul said.<\/p>\n
“The project will be worth around $3.5 billion. The schedule of supply will be determined in the coming period,” he added.<\/p>\n
He said Turkish aerospace firm TUSAS will produce several parts for the helicopters.<\/p>\n
The helicopters, which would be used by Turkish armed forces and the police, are part of a drive to modernise the country’s defences.<\/p>\n
Shares in Sikorsky’s parent United Technology rose 0.2 percent to $86.11 in early trading in New York.<\/p>\n
Last year, Trade Minister Zafer Caglayan said Sikorsky planned to build a helicopter plant in Turkey. (Writing by Simon Cameron-Moore; Editing by Will Waterman)<\/p>\n
via UPDATE 1-Sikorsky bags $3.5 bln helicopter deal with Turkey | Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"
* Decade-long contract could be expanded * Sikorsky beat AgustaWestland to the deal (Adds details) ISTANBUL, April 21 (Reuters) – Turkey has awarded U.S. firm Sikorsky a contract on Thursday worth $3.5 billion to supply 109 military helicopters, with the possibility of nearly 500 more over 10 years. Sikorsky, owned by United Technologies (UTX.N), beat […]<\/p>\n","protected":false},"author":83,"featured_media":84496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[4797],"class_list":["post-32557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turkey","tag-sikorsky"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/32557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=32557"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/32557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/84496"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=32557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=32557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=32557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}