The signature ceremony of the agreement, involving the production of structural components for various helicopter platforms, was held with the participation of TAI President & CEO Assoc. Prof. Temel Kotil and Sikorsky Aircraft Company President Mr. Dan Schultz.
First Phase of the Project valued at $ 270 Million in Production Value
While the product delivery is valued at an amount of $ 270 million during the 10-year first phase, the overall cooperation between TAI and Sikorsky is expected to continue until 2044, including the optional period, and the project volume is expected to reach at least $ 500 million.
Within the scope of the contracts made between the Undersecretariat for Defense Industries (SSM) and the main contractor TAI, the main subcontractor Sikorsky Aircraft and other domestic subcontractors, a new dimension has been attained through this agreement, accelerating cooperation following the approval of US export licenses for the "Turkish Utility Helicopter Program" effective on 7 June 2016.