Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Lockheed Martin announced that its subsidiary, Sikorsky, has secured a major defense contract worth nearly $11 billion from the U.S. Navy. Under this agreement, Sikorsky will produce up to 99 CH-53K King Stallion heavy-lift helicopters, marking the largest order to date for the aircraft. Deliveries are scheduled to take place between 2029 and 2034.
The CH-53K King Stallion, powered by three 7,500 shaft horsepower engines, is designed to transport Marines, supplies, and heavy equipment across challenging terrains. This advanced helicopter plays a critical role in modern military operations, particularly in supporting the U.S. Marine Corps. The five-year contract also provides flexibility for the U.S. government to allocate aircraft for international military customers, further strengthening Lockheed Martin’s global defense footprint.
This latest deal highlights the Pentagon’s continued investment in next-generation rotary-wing platforms. The King Stallion’s enhanced lift capacity, range, and reliability make it a key asset for future battlefield mobility and logistics. The order underscores the helicopter’s growing importance not only to the Marine Corps but also to allied defense forces worldwide.
The agreement follows another recent win for Sikorsky. In August, the company secured a $1.6 billion contract from New Zealand to supply five Seahawk maritime helicopters and two Airbus jets. These consecutive contracts demonstrate Sikorsky’s strong position in the global defense market and continued demand for its advanced aircraft.
Despite these major wins, Lockheed Martin reported in July an 80% drop in quarterly profit, driven largely by a pre-tax loss of $1.6 billion tied to a classified program within its Aeronautics division. Still, the long-term revenue potential from contracts such as the CH-53K program could help offset short-term financial challenges.
With this record-setting contract, Sikorsky’s CH-53K King Stallion cements its role as one of the most powerful heavy-lift helicopters in the world, ensuring Lockheed Martin remains a leading force in the defense aerospace sector.
