US approves $1.57 billion sale of helicopters, torpedoes to New Zealand

Lockheed Martin Corporation

Lockheed Martin Corporation

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- The U.S. State Department on Friday said it approved two potential foreign military sales to New Zealand worth a combined $1.57 billion.

The sales include five Lockheed Martin MH-60R Multi-Mission Helicopters and related equipment valued at $1.5 billion, and 20 MK 54 MOD 0 Lightweight Torpedoes valued at $69 million, the department said.

Lockheed Martin LMT.N Rotary and Mission Systems is the principal contractor on the helicopter package.