Turkish Aerospace Industries (TAI) and Sikorsky have signed a agreement aimed at enhancing business between the two companies in the next 10 years. The contract was signed in Ankara between TAI’s CEO, Temel Kotil, and Sikorsky’s president, Dan Schultz.
$ 270 million delivery in 10 Years
In the written statement TAI said that the agreement involves the production of components for various helicopter platforms. Under the deal, TAI said $270 million worth of components would be produced in the next 10 years. “The cooperation agreement brings a new dimension into the existing business cooperation between TAI and Sikorsky that has already gained pace after the deal on the Turkish Utility Helicopter Program,” TAI said. The $3.5 billion utility helicopter contract between the Turkish government and Sikorsky took effect in June. TAI is the prime Turkish contractor of the program.
“TAI has expanded its collaborations with the world’s giants and proud to add to its success in international aviation as well as to contribute to our country’s economy,” the TAI statement said.