House leaders: $220 million Sikorsky deal likely

Politics
2016-09-21-malloy-sikorsky_335620

HARTFORD, Conn. (AP) – Democratic leaders of the Connecticut House of Representatives say there’s support for a $220 million agreement that would commit Sikorsky Aircraft to keeping its headquarters in the state.

The House leaders represent the majority party in the General Assembly. They reviewed the deal privately on Monday with rank-and-file lawmakers.

Democratic Gov. Dannel P. Malloy’s administration reached the agreement with Sikorsky. Malloy has called the Legislature back to the state Capitol for a special session Wednesday for a vote. Union members also need to approve the deal.Original Story: Lockheed Martin reaches deal with Malloy administration to keep Sikorsky HQ in Stratford

House Speaker Brendan Sharkey says lawmakers “feel good” about the plan. It provides state grants and tax exemptions over 14 years. In return, Sikorsky will build nearly 200 CH-53K King Stallion heavy-lift helicopters in Connecticut.

Sikorsky is a subsidiary of Maryland-based Lockheed Martin.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss

More Don't Miss