Governor Lamont Signs Legislation Ratifying Agreement With Sikorsky To Grow Connecticut Jobs and Strengthen the Company’s Presence in the State
Agreement Supports More Than 30,000 Good-Paying, Direct and Indirect Connecticut Jobs for the Next 20 Years
(HARTFORD, CT) – Governor Ned Lamont today announced that he has signed into law Public Act 22-4, which ratifies an agreement that his administration recently reached with Lockheed Martin – the parent company of Sikorsky Aircraft Corporation – that will strengthen the aircraft manufacturing company’s presence in Connecticut through at least 2042 and support an estimated 30,000 direct and indirect jobs in the state.
The 20-year agreement, which was negotiated by the Lamont administration, ensures that if Lockheed Martin is successful in its bid to secure federal contracts for new helicopter programs that will soon replace several existing lines, the production work on those new lines will occur in Connecticut. In addition, during this two-decade period the company will keep Sikorsky’s headquarters in Stratford and maintain more than 7,000 direct jobs at its Connecticut facilities, which are located in Stratford, Bridgeport, Shelton, North Haven, and Trumbull. The agreement provides up to $75 million in performance-based incentives in the form of sales and use tax offset and tax credits.
Legislation ratifying the agreement was approved with the bipartisan, near-unanimous support of lawmakers in the Connecticut General Assembly.
Governor Lamont noted that in addition to the thousands of workers who are directly employed by Sikorsky, this agreement will indirectly support tens of thousands more jobs in Connecticut through the hundreds of local small businesses from which Sikorsky purchase …