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Lockheed Martin to receive more than $2 billion in federal funding

(WBNG) — Lockheed Martin is expected to receive more than $2 billion for projects under construction in the company’s Owego facility.

United States Senator Charles Schumer announced Wednesday that the money is included in the Senate Fiscal Year 2019 Defense Appropriations Bill, a bi-partisan piece of legislation.

The bill includes nearly $1.11 billion for the CRH Combat Rescue helicopter program and almost $894.1 million for the VH-92 Presidential Helicopter Replacement program.

Both helicopters are constructed in Owego.

The CRH Combat Rescue helicopter is used to get troops out of dangerous situations and bring them to safety, while the VH-92 Presidential Helicopter transports the United States President.

“The Presidential Helicopter Replacement program and the CRH Combat Rescue helicopter are vital to our national defense, protection of our chief executive and cabinet, and are the crown jewels of the Southern Tier economy – that is why I am so proud that we fought for and delivered this massive federal investment to keep the world-class Lockheed Martin workforce doing what they do best: making the most-advanced and effective helicopters in the world,” Senator Schumer said in a press release. “I am proud I led the effort to secure this critical federal funding, and will always fight for investments that both keep good-paying jobs in the Southern Tier and keep our military service members and government officials safe.”

The bill already passed in the Senate and is expected to pass the House in the coming weeks.

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