Sikorsky Remaining in Connecticut for 16 Years

Sikorsky Remaining in Connecticut for 16 Years

22-Sep-2016 Source: HeliHub.com

Sikorsky Aircraft has recently signed a deal to remain based in Connecticut for 16 years. Under the agreement Sikorsky has to provide 8000 employment opportunities, relocate 200 CH-53K King Stallions to Connecticut and double their spending costs of $350 million with state suppliers.

This agreement will benefit Sikorsky as they will be qualified for $8.57 million for annual grants, $20 million for performance incentive grants and an annual tax exemption of $5.7 million.

As reported by Connecticut Post, the deal was brokered between Gov. Dannel Malloy and Sikorsky President Dan Schultz. They still need the approval of the General Assembly and Teamsters Local 1150; Sikorsky’s union.

, , , ,

Copyright © 2024 HeliHub

Website by Design Inc

Helihub logo

X