PARIS, June 18, 2013 /PRNewswire/ -- PARIS AIR SHOW -- Sikorsky Aircraft Corp. today announced it has signed a contract with China's CITIC Offshore Helicopter Company (COHC) for two S-92 ® helicopters to be used for the offshore oil crew transportation mission. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE:UTX).
Established in 1983, COHC is a publicly traded company based in Shenzhen, Guandong, China. It is the largest provider of offshore operations in China. The contract was signed on May 10 in China and announced today from the Paris Air Show.
"The offshore oil market in China is growing rapidly, and the S-92 helicopter has proven to be a reliable and safe performer in many locations around the world, including China, where Sikorsky products are now being operated by all three major offshore oil service providers," said Robert Kokorda, Sikorsky Vice President of Sales & Marketing. "COHC is one of the newest customers for Sikorsky Aircraft, and we are focused on providing them with world-class products and support, and are confident that this marks the beginning of a long-term relationship between us."Sikorsky plans to deliver the new S-92 helicopters in December 2014 and March 2015. The multi-mission S-92 helicopter incorporates numerous safety features, including a flaw-tolerant design. In February, the global fleet achieved the half-million flight-hour milestone. Off shore oil operators fly the aircraft for an average of 90 – 110 hours per month in often challenging environments. The S-92 helicopter also performs Head of State missions, search and rescue (SAR) operations as well as a variety of transportation missions for utility and airline passengers. Since entering service in September 2004, the S-92 fleet has grown to 170 aircraft and logged more than 530,000 flight hours to date. This summer, Sikorsky will formally offer the S-92 platform to the U.S. Government, which is seeking to replace the "Marine One" helicopter fleet that transports the President of the United States. Sikorsky Aircraft Corp., based in Stratford, Conn., USA, is a world leader in helicopter design, manufacture, and service. United Technologies Corp., based in Hartford, Conn., USA, provides a broad range of high technology products and support services to the aerospace and building systems industries. For updates from United Technologies Corp.'s aerospace businesses visit www.utcaero.com or follow @UTC on Twitter. SOURCE Sikorsky Aircraft Corp.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV