This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sikorsky And Changhe Sign Agreement For S-76D™ Cabin Production In China





TIANJIN, China, Sept. 5, 2013 /PRNewswire/ -- China Helicopter Exposition -- Sikorsky Aircraft  and Changhe Aircraft Industries Corp. today signed an agreement for Changhe to produce S-76D commercial helicopter cabins for Sikorsky, a subsidiary of United Technologies Corp. (NYSE: UTX). The agreement was signed during the China Helicopter Exposition, with Chairman Yu Feng, Changhe Aircraft Industry Group Co., Ltd., and Senior Vice President, Operations, Shane Eddy representing Sikorsky Aircraft.

(Logo: http://photos.prnewswire.com/prnh/20060403/SIKORSKYLOGO )

The S-76D helicopter is Sikorsky's newest aircraft. Changhe had previously provided cabins for the predecessor S-76C++™ helicopter, under an agreement signed by the two companies in 2007. Changhe will now serve as a second source for S-76D cabins, with deliveries scheduled to begin in 2016 and production volume based on market demand. Aerodochody in the Czech Republic also supplies the cabins.

"I am proud to sign this agreement with Changhe Aircraft, which extends our very successful partnership in this strategically important region," said Shane Eddy of Sikorsky Aircraft. "Over the next 10 years, we see the potential for the civil helicopter fleet in China to quadruple, and we are proud to work with such a trusted and respected company as Changhe to serve this expanding market."

"Changhe and Sikorsky will further expand the collaboration from S-92 and S-76C++ to S-76D products," said Yu Feng, Chairman, AVIC Changhe Aircraft Industry Group, Co., Ltd. 

Changhe Aircraft Industries Corp. is a subsidiary of China's AVIC, which is a shareholder in the Shanghai Sikorsky civil aerospace joint venture company. Sikorsky has enjoyed a long and productive business relationship with AVIC  dating back more than a decade to the development and production of the S-92 ® commercial helicopter.

The S-76D helicopter received FAA certification in 2012 and is the latest in the family of popular Sikorsky's S-76 ® helicopters. More than 800 S-76 helicopters in the global fleet have accumulated 6.2 million flight hours during three decades of operation.  Designed for safety, reliability and efficiency, the S-76D helicopter features all-composite, flaw-tolerant main rotor blades; a fully integrated THALES glass cockpit; health and usage monitoring system; active vibration control; and powerful Pratt & Whitney Canada PW210S engines, which deliver the best in class power-to-weight ratio and fuel burn with excellent payload and range benefits.

Sikorsky Aircraft, based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries. 

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in aircraft demand; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings. 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,837.58 -74.53 -0.44%
S&P 500 1,968.62 -1.33 -0.07%
NASDAQ 4,457.3350 +14.6370 0.33%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs