Teamsters Local Union 1150 voted by a 15-1 margin Sunday for concessions sought by Lockheed Martin as part of an incentives deal with the state that will keep its Sikorsky Aircraft subsidiary and production of its next generation of helicopters in Connecticut, state officials said.
Lockheed Martin
Posted inPolitics
Clinton out-raises Trump in CT defense-industry campaign cash
WASHINGTON — Following a national trend, Connecticut’s defense workers and their bosses overwhelmingly gave to the campaign of Hillary Clinton while slighting that of Donald Trump. According to a Connecticut Mirror analysis, as of the end of August, the Clinton campaign raised more than $56,000 from individuals who work for the state’s defense industry, while the Trump campaign raised only $3,094.
Posted inMoney, Politics
Sikorsky incentives win bipartisan approval in special session
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.
Posted inMoney, Politics
As Sikorsky proves in CT, states will pay for aerospace jobs
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.
Posted inNews
CT beat out S.C., Florida, others for billions in helicopter work
WASHINGTON — Lockheed Martin was considering South Carolina, Florida and other states as places to build Sikorsky’s new CH-53K King Stallion helicopter – a Defense Department program expected to cost at least $25 billion – when the company and Gov. Dannel P. Malloy struck a deal to keep the work in Connecticut.
Posted inMoney, Politics
Lockheed puts big number on cost of business in Connecticut
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.
Posted inMoney, Politics
GOP: Deal to keep Sikorsky in Connecticut is good and bad news
Most Republican legislators are expected Wednesday to support the Sikorsky Aircraft incentives deal negotiated by Gov. Dannel P. Malloy as a smart investment, while simultaneously arguing that the deal is necessary because of a high cost of doing business in Connecticut that they blame on the legislature’s Democratic majority.
Posted inMoney, Politics
In a turbulent year, Malloy makes a soft landing at Sikorsky
STRATFORD — With a press conference Wednesday of the lawn of Sikorsky Aircraft, Gov. Dannel P. Malloy took a step toward rewriting his economic legacy from being the governor blamed for driving away General Electric and hundreds of headquarters jobs to the one who stabilized Connecticut’s aerospace industry for a generation.
Posted inMoney
Sikorsky, Malloy cut tentative deal to produce new helicopter in Connecticut
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.
Posted inMoney, Politics
Layoffs may be coming to Sikorsky
WASHINGTON — Lockheed Martin said Wednesday it was giving pink slips to 350 of its workers. Although none of them work for Sikorsky, the company made clear it was considering layoffs there.
Posted inNews
Pentagon blames Pratt & Whitney suppliers for F-135 engine problems
WASHINGTON — The quality of the F-135 engine made by Pratt & Whitney – and the company’s supply chain – came under scrutiny Tuesday by a key Senate panel as part of a review of the status of the problem-plagued Joint Strike Fighter program.
Posted inNews
GAO: F-35 engine ‘not performing at expected levels’
WASHINGTON — Federal investigators said Wednesday that Pratt & Whitney’s engine for the F-35 Joint Strike Fighter still is “not performing at expected levels” and is one of many glitches still plaguing the nation’s next generation of fighters. A Pratt & Whitney spokesman emphasized big improvements in the reliability of the engine.
Posted inPolitics
Federal researchers say Air Force may have to cut back on F-35s
Updated at 8:25 p.m.
WASHINGTON – Congressional researchers told the Air Force its ambitious modernization program will leave it strapped for money, and it may have to cut the number of F-35s it wants to buy.
Posted inNews
Once a Sikorsky-flying Marine, he now pilots the company
WASHINGTON – Dan Schultz doesn’t like to talk about it, but he flew a harrowing rescue mission to Mogadishu, Somalia, in 1991 in a Sikorsky Super Stallion chopper. Now at the company’s helm, he says he plans no big, immediate changes at Sikorsky.
Posted inNews
CT defense industry hopes to boost sales at Groton aerospace summit
It may not be as big as the Paris Air Show, but some the same companies that attend that event, including Airbus and Northrup Grumman, will gather in Groton on Monday to pursue the same goals they seek every year in France — more sales and the information needed to make good business decisions.