Sikorsky Gets $1.24B Deal for Presidential Chopper

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May 7 (Bloomberg) -- United Technologies Corp.’s Sikorsky Aircraft unit received a $1.24 billion Pentagon contract for as many as 21 helicopters to ferry the president and executive branch officials, according to a Pentagon document. Peter Cook reports on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Heater cook has more.

There was not much doubt about who the winner was going to be, was very?

It was a little bit of doubt.

The winner is united technologies.

The lone bidder.

According to defense officials.

The only real question was whether the pentagon may choose to will board the contract that all.

A controversial contract.

Now we get the official word that they have one.

Worth $1.24 billion.

Not the biggest contract by a long measure but obviously one of the most prestigious because it is like a flying billboard.

Everyone sees the buying on a regular basis.

Proposing to modify a version of a commercial helicopter.

Again, they've have the word that there will be 21 helicopters.

First one delivers -- delivered in 2019. president obama will not be aboard one of these.

Whoever president in 2020 will be the first to fly on the new helicopter.

There was an effort to replace this back in 2009. 13 million project that.

The message was this was the program run amok.

They canceled it and reassess the entire program.

How we have the winner, sikorsky . peter cook, why were there no other competitors?

Haven't there been a previous competitor from italy?

There certainly was a competition in 2009. there were other companies that i'd -- eyesd the company.

At the end of the day when the first talked about a proposal back in august, they said they were not going to bid.

In part because of the condition set forward in the contract did not necessarily think it played to their strength.

There was criticism behind the scenes that maybe it was too tailored for sikorsky.

The initial installment 1.2 billion dollars.

Initial bleed of -- lead of 21 helicopters.

This text has been automatically generated. It may not be 100% accurate.


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