James Maroney

State Senator James Maroney Joins Colleagues In Approving Sikorsky Agreement

Today, state Senator James Maroney (D-Milford) joined his Senate Democratic colleagues in passing House Bill 5505, An Act Concerning Certain Aerospace Manufacturing Projects. This bill authorizes an agreement with Lockheed Martin that will help keep Sikorsky’s headquarters in Stratford, Connecticut through 2042, sustain more than 7,000 jobs in the state, and have the potential to bring new helicopter lines to Sikorsky’s Stratford facility. The bill now heads to Governor Lamont’s desk to be signed into law.

Sikorsky has facilities in Stratford, Bridgeport, Shelton, North Haven, and Trumbull, and has 242 suppliers throughout Connecticut. In Senator Maroney’s district there are 23 suppliers in Milford, six suppliers in West Haven, and four in orange.

“This is an opportunity to keep Connecticut as a top leader in the aerospace industry,” said Sen. Maroney. “Sikorsky and the companies that sell into their supply chain employ over 1,000 residents of our community. This deal ensures that Sikorsky will be a vital part of our community for the next two decades.”

The agreement may provide the company with up to $50 million or $75 million in total tax benefits over its term, depending on whether it enters into federal contracts for one or two helicopter programs. With the company’s headquarters remaining in Stratford, there will be as many as 7,500 full-time jobs.