IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 20 Sep 2016 | Removal date: open ended
Still in force

Financial grant

On September 20, 2016 Governor Dannel P. Malloy of Connecticut and Lockheed Martin announced an agreement to keep the Sikorsky Aircraft headquarters in Connecticut and to increase investments in in-state suppliers. (Sikorsky was purchased by Lockheed Martin from United Technologies in 2015.) Under the deal, Sikorsky will build nearly 200 CH-53K King Stallion Helicopters in Connecticut for the United States Navy until at least 2032. In exchange for Lockheed’s commitments, the state will provide financial incentives totaling up to $220 million over the term of the agreement. These include annual grants of up to $8.57 million over the term of the agreement by meeting certain benchmarks with respect to jobs, utilizing in-state suppliers, and other criteria. If Lockheed exceeds the target level employment by 100 to 550 jobs in any given year of the agreement, it will be eligible for a performance incentive grant of up to $1.9 million, for a total of up to $20 million. The Connecticut General Assembly approved the deal on September 28, 2016.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880220 Aeroplanes and other aircraft, of an unladen weight not exceeding 2,000 kg
880230 Aeroplanes and other aircraft, of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg

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