Sikorsky Staying Put

September 22, 2016

The CH-53K King Stallion, being built for the Navy, took its first flight in October 2015 at Sikorsky’s West Palm Beach test center.

This is very good news not only for the State of Connecticut, but especially the lower Naugatuck Valley. Sikorsky employs many people who live in Ansonia and Derby, and this deal will guarantee good-paying jobs while solidifying manufacturing.

The agreement, which requires legislative approval, makes Sikorsky eligible for financial incentives in exchange for building nearly 200 CH-53K King Stallion helicopters in Connecticut. The incentives, worth up to $220 million, include exemption from sales and use taxes and annual grants during the term of the deal. In turn, Sikorsky and Lockheed will keep its HQ and primary manufacturing in the state, retain and expand its full-time staff, increase capital spending and give top priority to its Connecticut-based suppliers.