U.S. approves $1.57 billion military equipment sale to New Zealand

Investing.com -- The U.S. State Department approved two foreign military sales to New Zealand on Friday valued at a combined $1.57 billion.

The first package includes five Lockheed Martin MH-60R Multi-Mission Helicopters along with related equipment, valued at $1.5 billion. The second package consists of 20 MK 54 MOD 0 Lightweight Torpedoes valued at $69 million, according to the department.

Lockheed Martin Rotary and Mission Systems will serve as the principal contractor for the helicopter package.

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