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Half of the production will take place at Sikorsky's Stratford headquarters.
Teams from Sikorsky and the military have worked since April and conducted more than 30 test events and evaluated 135 potential design solutions.
The Stratford manufacturer said the aircraft's first flight should take place at the end of the year, two months ahead of schedule.
“Sikorsky's revenue is probably a little lower than we had expected when we acquired it,” said CFO Bruce Tanner.
Lockheed spokesman William Phelps said the company is continuing to “have productive meetings with the government."
The heavy-lift King Stallion is reportedly one of the most expensive military aircraft vehicles around.
Connecticut is providing financial incentives totaling up to $220 million over the term of the agreement.
Sikorsky, a Lockheed Martin company, has successfully completed the first phase of an autonomous flight project being developed for DARPA with an autonomous test flight of a commercial helicopter.
Stratford-based Sikorsky has chosen a South Korean helicopter service provider UI Helicopter Co., Ltd to provide maintenance for two models of Sikorsky aircraft that operate in the region.
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