Governor Lamont Thanks the Connecticut State Legislature for Approving Sikorsky Agreement

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04/27/2022

Governor Lamont Thanks the Connecticut State Legislature for Approving Sikorsky Settlement

(HARTFORD, CT) – Governor Ned Lamont is thanking the members of the Connecticut Normal Meeting who voted as we speak to ratify an settlement his administration not too long ago reached with Lockheed Martin that may preserve Sikorsky’s headquarters in Connecticut by 2042, maintain greater than 7,000 jobs within the state, and has the potential to convey new helicopter traces to Sikorsky’s Stratford facility.

The laws is Home Invoice 5505. It was accredited within the Home by a vote of 130 to 14, and within the Senate by a vote of 34 to 1. Governor Lamont stated he’ll quickly signal it into regulation.

“I can’t overstate the importance of what this implies for Connecticut employees, not solely for many who work immediately for Sikorsky, but additionally for the people who find themselves employed by the 242 suppliers positioned all all through our state that contract and do enterprise with this worldwide main aerospace firm,” Governor Lamont stated. “This settlement will preserve and encourage the expansion of 1000’s of high-tech, good-paying jobs in Connecticut for not less than the subsequent twenty years. Right now’s overwhelming, bipartisan vote to ratify this settlement reveals simply how a lot this state values our partnership with Sikorsky. I thank the entire legislators who voted to approve it and I look ahead to signing it into regulation.”

The 20-year settlement negotiated by the Lamont administration ensures that if Lockheed Martin – the mum or dad firm of Sikorsky – is profitable in securing federal contracts for brand spanking new helicopter packages that may quickly substitute a number of current packages, the manufacturing work on these new traces will happen in Connecticut. As well as, the settlement, which supplies the corporate with performance-based incentives within the type of gross sales and use tax offsets and tax credit, requires Sikorsky to take care of its headquarters in Connecticut and preserve vital employment by 2042, amongst different necessities.

Sikorsky has services in Stratford, Bridgeport, Shelton, North Haven, and Trumbull, and has 242 suppliers all through Connecticut.

Twitter: @GovNedLamont

Fb: Workplace of Governor Ned Lamont