Thursday, September 22, 2016

Gentile Applauds Sikorsky Deal

State Representative Linda M. Gentile (D-Ansonia, Derby) is very pleased that Sikorsky Aircraft, which has made its home in Stratford since 1929, will remain here until at least 2032.
"This is very good news not only for the State of Connecticut, but especially the lower Naugatuck Valley,” said Rep. Gentile. “Both my father and father-in-law worked at Sikorsky, along with so many other men and women from Ansonia and Derby. This deal, along with the work we have already done in the manufacturing sector, and will continue to do, will guarantee good paying jobs and continued residency here for generations to come."
After meeting with Sikorsky parent Lockheed Martin, Governor Dannel P. Malloy announced a deal in which the helicopter giant will be eligible for financial incentives in exchange for building nearly 200 CH-53K King Stallion helicopters, in Connecticut.
The incentives, worth up to $220 million, include exemption from sales and use taxes and annual grants during the term of the deal. In turn, Sikorsky and Lockheed will keep its HQ and primary manufacturing in the state, retain and expand its full-time staff, increase capital spending and give top priority to its Connecticut-based suppliers.
“This agreement requires legislative approval,” added Rep. Gentile. “There should be no dissenting votes on this matter. It’s a no-brainer that we must move as quickly as possible to secure such an important employer as Sikorsky. The company is vital to the stability of our economy and for the thousands of families who depend on these highly-skilled manufacturing jobs.”
(This is a press release from Gentile)

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