WATCH LIVE

Gov. Ned Lamont is giving an update about the next steps for the bridge over I-95 in Norwalk.

Saudi Arabia crisis could impact Sikorsky contracts

<p>The current crisis involving the disappearance of Washington Post journalist Jamal Khashoggi in Saudi Arabia could mean that billions of dollars in helicopter contracts for Stratford-based Sikorsky Aircraft hang in the balance.</p>

News 12 Staff

Oct 18, 2018, 8:36 PM

Updated 2,026 days ago

Share:

The current crisis involving the disappearance of Washington Post journalist Jamal Khashoggi in Saudi Arabia could mean that billions of dollars in helicopter contracts for Stratford-based Sikorsky Aircraft hang in the balance.
Last year, the Saudi government ordered almost $4 billion worth of Blackhawk choppers from Sikorsky. The arms deal could be worth $28 billion over decades to Sikorsky's parent company.
Derek Bisaccio, a military market analyst at Forecasts International in Newtown, says he doesn't think the crisis will affect Sikorsky's multibillion-dollar deals with Saudi Arabia.
"I don't think Sikorsky's likely to encounter too much trouble in this regard," he says. "I mean, helicopters haven't received as much attention. They're now getting as much pressure from rights activists."
The U.S. government could step in and cancel Sikorsky's contracts with Saudi Arabia, but analysts don't think it's likely at this point. But if it does happen, U.S. Sen. Richard Blumenthal says the company could find plenty of other willing buyers.


More from News 12
WATCH LIVE: Gov. Ned Lamont gives update on next steps for the bridge over I-95 in Norwalk

WATCH LIVE: Gov. Ned Lamont gives update on next steps for the bridge over I-95 in Norwalk

1:08
Mostly dry today with lots of cloud cover; change comes midweek for Connecticut

Mostly dry today with lots of cloud cover; change comes midweek for Connecticut

0:36
Sen. Blumenthal to seek emergency help for Norwalk businesses impacted by I-95 shutdown

Sen. Blumenthal to seek emergency help for Norwalk businesses impacted by I-95 shutdown

0:56
Nonprofit builders group celebrates 20th anniversary with annual fundraiser in Darien

Nonprofit builders group celebrates 20th anniversary with annual fundraiser in Darien

0:49
Mother’s Day event in Greenwich looks to empower women

Mother’s Day event in Greenwich looks to empower women

0:59
Pickleball America hosts first Dinko de Mayo Tournament

Pickleball America hosts first Dinko de Mayo Tournament

2:15
Turn To Tara explores how to stay safe from ‘cyber kidnapping’ scams

Turn To Tara explores how to stay safe from ‘cyber kidnapping’ scams

Connecticut National Teacher Appreciation Week Photos

Connecticut National Teacher Appreciation Week Photos

0:42
Texas, prolific retired Connecticut State Police K-9, dies from illness

Texas, prolific retired Connecticut State Police K-9, dies from illness

0:44
Handball tournament honors former Bridgeport state representative

Handball tournament honors former Bridgeport state representative

0:30
Zibanejad has 2 goals and 1 assist, Panarin scores as Rangers beat Hurricanes 4-3 in Game 1

Zibanejad has 2 goals and 1 assist, Panarin scores as Rangers beat Hurricanes 4-3 in Game 1

2:06
New guidance says women need to be screened for breast cancer at 40 or younger

New guidance says women need to be screened for breast cancer at 40 or younger

0:34
State police: Merging car collided with tanker to cause I-95 overpass fire

State police: Merging car collided with tanker to cause I-95 overpass fire

0:32
Fairfield Avenue overpass damaged by fire fully demolished

Fairfield Avenue overpass damaged by fire fully demolished

1:51
Stamford FD: 67-year-old man found dead inside hoarder house following fire

Stamford FD: 67-year-old man found dead inside hoarder house following fire

0:21
Northbound lanes on I-95 in Norwalk back open following massive fire

Northbound lanes on I-95 in Norwalk back open following massive fire

0:22
 Officials: 2-car crash in Orange hospitalizes 7

Officials: 2-car crash in Orange hospitalizes 7

3:21
Bridge over section of I-95 in process of being demolished due to damage from truck fire

Bridge over section of I-95 in process of being demolished due to damage from truck fire

2:17
Norwalk company's custom truck was key tool to putting out I-95 tanker fire

Norwalk company's custom truck was key tool to putting out I-95 tanker fire

1:33
Norwalk restaurant owners say I-95 closure is severely impacting business

Norwalk restaurant owners say I-95 closure is severely impacting business