February 28, 2017 / 9:45 AM / 5 months ago

Turkey's TAI says signs Sikorsky cooperation deal for helicopter components

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ANKARA, Feb 28 (Reuters) - Turkish Aerospace Industries (TAI) has signed a cooperation agreement with Sikorsky, which is part of Lockheed Martin, to make various helicopter components, TAI said in a statement on Tuesday.

TAI said $270 million worth of products would be produced in the first 10 years of the agreement, which it plans to continue until 2044 with a targeted project volume of at least $500 million. (Reporting by Tulay Karadeniz; Writing by Tuvan Gumrukcu; Editing by Daren Butler)

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