STRATFORD, Conn. – The agreement to keep Stratford-based Sikorsky Aircraft and its 8,000 in the state through at least 2032 will lead parent company Lockheed Martin to double its spending with suppliers in Connecticut, Gov. Dannel Malloy said.
Currently, Sikorsky spends about $350 million per year with local suppliers, which are located throughout all regions of the state.
Malloy called attention to the supplier spending with a Friday visit to Cambridge Specialty Co. in Berlin. There, he spoke with the company’s executives and staff about the agreement and how it could potentially benefit local companies such as their own, which is a supplier to Sikorsky.
“We have an opportunity to make the next generation of helicopters in Connecticut. The impacts of this agreement not only directly benefit thousands of jobs at Sikorsky, but will also extend into every region of the state as the company has committed to nearly double its spending among in-state suppliers,” Malloy said.
“These are suppliers that provide thousands of good jobs to Connecticut residents all across the state, and by adopting this agreement we can expect to see more of these jobs in the near future.”
House Majority Leader Joe Aresimowicz (D-Berlin, Southington) joined Malloy on the tour of the Berlin aerospace manufacturing company.
“Cambridge Specialty is a great company that we are proud to have in Berlin. They are the perfect example of why Connecticut’s agreement with Sikorsky and Lockheed Martin is so significant to our economic development,” Aresimowicz said.
“With Sikorsky planning to nearly double its spending with their local Connecticut suppliers, hundreds of local manufacturers, like Cambridge Specialty, all across the state are going to benefit greatly from this investment,” he said.
The state’s agreement with Lockheed Martin and Sikorsky is subject to legislative and union approval. Malloy has signed a proclamation calling the General Assembly into special session on Sept. 28 for its consideration.
On Tuesday, Malloy announced the state had reached an agreement with Lockheed Martin to keep its Sikorsky Aircraft headquarters in Connecticut at least until 2032. In exchange, the state will provide financial incentives of up to $220 million over the term of the agreement. As part of the deal , a total of 200 King Stallion heavy-lift helicopters will be built in Stratford for the U.S. Navy.