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Sikorsky incentives win bipartisan approval in special session

Sen. Joe Markley, the only no vote in the Senate, and colleagues reading the Sikorsky legislation,

Connecticut legislators took a one-day break from re-election campaigns Wednesday to give bipartisan blessing to a $220 million incentive deal for Lockheed Martin that would keep its Sikorsky Aircraft subsidiary and production of its next generation of helicopters in a state desperate to grow its storied aerospace industry. Continue Reading →

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As Sikorsky proves in CT, states will pay for aerospace jobs

Sikorsky's new heavy lift helicopter, now in flight testing.

In the world of megadeals that states craft to attract and keep employers, the $220 million in incentives that the Connecticut General Assembly is expected to approve Wednesday for Lockheed Martin to produce Sikorsky’s new helicopter line in Stratford doesn’t crack the top 75 — nor is it the biggest subsidy ever obtained by Lockheed. Continue Reading →

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Lockheed puts big number on cost of business in Connecticut

Lockheed Martin vice president Lawrence Duncan III, left, talking to Republican Reps. Charles J. Ferraro of West Haven and Ben McGorty of Shelton.

Legislators say a senior Lockheed Martin official told them in private meetings Monday that $200 million in incentives the company wants for its Sikorsky Aircraft subsidiary are needed to help offset the $400 million more it would cost to produce CH-53K helicopters in Connecticut in coming years rather than in competing states. Continue Reading →

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Sikorsky, Malloy cut tentative deal to produce new helicopter in Connecticut

Sikorsky's new heavy lift helicopter, now in flight testing.

Gov. Dannel P. Malloy and Lockheed Martin announced a tentative deal Monday to produce a new generation of Sikorsky heavy-lift helicopters in Connecticut at the cost of $220 million in financial incentives from the state and an agreement with its union workforce. The General Assembly is tentatively scheduled to consider the deal in special session Sept. 28. Continue Reading →

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