Tag: Lockheed Martin

Lawmakers Aim to Ban Colleagues from Market Trading While They Still Buy and Sell

Connecticut Star Staff
Pete Sessions and Bill Keating

Four members of Congress recently reported buying and selling financial assets, despite co-sponsoring a bill that would ban such trades, disclosures show.

Democratic Reps. Mary Gay Scanlon of Pennsylvania, Jeff Jackson of North Carolina, Bill Keating of Massachusetts and Republican Rep. Pete Sessions of Texas all reported selling or purchasing assets after they signed on as co-sponsors of the TRUST In Congress Act, financial disclosures show. The TRUST In Congress Act would ban members of Congress from directly trading covered investments, which includes securities, commodities futures and similar assets by requiring them to place such assets in a blind trust.

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Connecticut Delegation Blasts Army over Helicopter Contract

The Center Square
Blackhawk Helicopter

Connecticut’s congressional delegation is calling on the Army to provide more details about its decision to reject a local company’s bid for a multimillion-dollar defense contract to build long-range helicopters.

Sikorsky Aircraft, maker of the iconic Blackhawk helicopters, submitted a proposal to the Army in 2018 to develop a new armed scout helicopter. But last week, the Army announced that it was scrapping its Future Attack Reconnaissance Aircraft program, delivering a major blow to the company.

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Commentary: The U.S. Defense Industrial Base

RealClearWire

The Russian invasion of Ukraine, along with increased tensions in the Middle East and the Indo-Pacific region, has generated many debates. Debates about the stability of the international order, the cohesion of NATO, and many others. But for the United States, one significant debate regards the size and expansibility of the American defense industrial base. It’s a discussion that is well past due.

Last year, Under Secretary of Defense Colin Kahl testified to Congress that, “What the Ukraine conflict showed is that, frankly, our defense industrial base was not at the level that we needed it to be to generate munitions.” But the challenge with ammunition is more symptom than cause, in economic terms something of a “leading indicator.”

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Connecticut Firm Loses Appeal over Denial of Army Contract

The Center Square

A federal watchdog agency has denied Connecticut-based Sikorsky Aircraft’s appeal of the U.S. Army’s rejection of the company’s bid to build the next generation of long-range assault helicopters. 

Sikorsky, a Lockheed Martin company, had filed a formal protest asking the U.S. Government Accountability Office to review the Army’s decision to reject their bid to produce its Defiant-X helicopter under a military contract. 

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Lamont Signs Sikorsky Agreement, Keeping the Company, Jobs in Connecticut

The Center Square

An agreement with a government contractor to make helicopters and create jobs in Connecticut is now law, Gov. Ned Lamont said.

The governor signed Public Act 22-4 early Monday to seal a deal with Lockheed Martin, the parent company of Sikorsky Aircraft Corporation. Under the agreement, the helicopter manufacturer will operate in Connecticut through 2042 and will support an estimated 30,000 direct and indirect jobs.

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Lamont: Sikorsky Deal Keeps Company in Connecticut

The Center Square

An agreement ratified by the General Assembly will keep a military company in Connecticut for years to come, Gov. Ned Lamont said.

The governor announced an agreement has been finalized with Lockheed Martin to keep its helicopter manufacturer in the state through 2042. Sikorsky will sustain more than 7,000 jobs in the state under the new deal which could expand helicopter lines being produced at its Straftord facility.

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