Sikorsky Investment Is a Great Deal

September 30, 2016

While on tour of the Sikorsky facilities in Stratford.

This agreement supports nearly 25,000 Connecticut jobs and at least 300 Connecticut businesses that supply Sikorsky. Branford area companies include the Alcoa Howmet Corporation that serves the aerospace and power generation industries. And Alcoa Howmet also has plenty of downstream suppliers in our state. The Sikorsky agreement is great for Connecticut, great for Branford and will have a positive impact on our state's economic present and future.

The state will benefit greatly from this investment. Connecticut will provide a maximum of $220,000,000 in financial incentives through 2032. The return from Sikorsky is immense. The helicopter manufacturer agrees to:

  • Build nearly 200 CH-53K King Stallion Helicopters – the largest maritime helicopter in the world - in Connecticut for the U.S. Navy until at least June 2032.
  • Keep the Sikorsky headquarters in the state and maintain its Stratford site as a primary production facility for its government-based helicopter business;
  • Retain and grow its full time employment in Connecticut to more than 8,000 by the end of year 14.
  • Nearly double its spending of $350 million per year with local Connecticut suppliers throughout the state.
  • Increase its capital spending for machinery and equipment by 22 percent.
  • In exchange, the state will provide financial incentives totaling up to $220 million over the term of the agreement.