It was announced by Sikorsky and Lockheed Martin on Monday that they would team up to compete for the U. S. Navy's revived VXX Presidential Helicopter program.

His company had natural and historic partnership with Lockheed Martin, Scott Starrett, president of military systems for Sikorsky, said.

He also said, "We're thrilled to team with Lockheed Martin to provide taxpayers and the U. S. government with a common sense solution for the next presidential aircraft both in terms of economy and technology."

A joint document submitted to the government by both companies outlines how the team would design and manufacture the H-92 helicopter, dubbed "Marine One" when transporting the U. S. president.

Dan Spoor, vice president of aviation systems at Lockheed Martin, said, "Formally combining Sikorsky's success building and supporting the Marine One fleet with our understanding of the systems integration requirements will allow our team to offer a low-risk transport solution to the Office of the President."

Sikorsky has been involved in U. S. presidential transport since the 1960s. Lockheed won a 2005 contract for the presidential fleet, though the government canceled the deal in 2009.

Sikorsky further said that the joint bid signals the renewal of the contract for the U. S. presidential fleet. (With Inputs from Agencies)