Vought Signs Multi-Year Contract with Sikorsky to Build BLACK HAWK Helicopter Cabin Structures
DALLAS, JAN. 22, 2008 – Vought Aircraft Industries, Inc. announced today that it has signed a five-year contract with Sikorsky Aircraft Corp. to manufacture cabin structures for UH-60L, M and MH-60S variants of BLACK HAWK helicopters. The estimated contract value is approximately $600 million for deliveries through 2012. Sikorsky is a subsidiary of United Technologies Corp. (NYSE:UTX).
“We are extremely proud to support Sikorsky and the armed services by building airframe structure for this great helicopter,” said Dennis Orzel, vice president, manufacturing operations for Vought. “With more than 450 Vought people working on the BLACK HAWK program, this contract is vitally important to our Dallas workforce.”
The multi-year contract is the second contract for Vought with Sikorsky. In January 2005, Vought announced its first contract for BLACK HAWK helicopter cabin structures. Over the past three years, the company has delivered 90 BLACK HAWK helicopter cabins to Sikorsky. The cabin structure consists of approximately 3,600 parts made from aluminum, titanium and steel.
More than 2,500 BLACK HAWK helicopter variants have accumulated more than1,806,709 flight hours since 2003 for the U.S. Army. BLACK HAWK helicopters currently serve in 27 governments around the world in a diverse range of missions such as combat assault, peacekeeping, border patrol, drug interdiction, disaster relief and medical evacuation.
The UH-60M helicopter recently entered full rate production for the U.S. Army, with a procurement requirement of more than 1,200 aircraft. With a new airframe, avionics and propulsion system, it is the latest and most modern in a series of BLACK HAWK helicopter variants that Sikorsky has been delivering to the Army since 1978. Vought delivered its first UH-60M helicopter cabin to Sikorsky last August.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacturing, and service. The company's mission statement reflects its long commitment to safety and innovation: "We pioneer flight solutions that bring people home everywhere... every time™." 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.
Vought Aircraft Industries, Inc. (www.voughtaircraft.com) is one of the world's largest independent suppliers of aerostructures. Headquartered in Dallas, the company designs and manufactures major airframe structures such as wings, fuselage subassemblies, empennages, nacelles and other components for prime manufacturers of aircraft. Vought has annual sales of approximately $1.6 billion and about 6,000 employees in nine U.S. locations.
This release contains forward-looking statements concerning future business opportunities within the meaning of section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government funding, procurement priorities and practices or in the number of aircraft to be built and challenges in the design, development, and production of such aircraft; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Vought’s Securities and Exchange Commission filings.
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Lynne M. Warne