Bahrain Agrees to Purchase Nine Sikorsky UH-60M Helicopters; Becomes International Launch Customer
Jun. 19, 2007
PARIS, June 19, 2007 - Sikorsky Aircraft Corp. today announced the signing of a Letter of Offer and Acceptance (LOA) by the Kingdom of Bahrain to procure nine Sikorsky UH-60M helicopters from the U.S. Army through the Foreign Military Sales process. With the sale, valued at $204 million, Bahrain becomes the international launch customer for the newest and most advanced BLACK HAWK helicopter. Sikorsky, a subsidiary of United Technologies Corp. (NYSE:UTX), made the announcement today from the Paris Air Show.
The new aircraft will provide the Royal Bahraini Air Force with multi-mission capability including combat search and rescue. The UH-60M is the next generation model of the BLACK HAWK and features new and upgraded technology that improves lift capability, engine power, protection and survivability.
BLACK HAWK derivatives today are serving 26 governments around the world in a diverse range of missions, from combat assault and peacekeeping to disaster relief and medical evacuation. Sikorsky also plans to introduce a BLACK HAWK model specifically for the international market, with production taking place in Mielec, Poland, and deliveries starting in 2010-2011.
"We are honored that the Kingdom of Bahrain has placed confidence in Sikorsky and the UH-60M. We look forward to a continued long and close relationship," said Joseph A. Gigantelli, Sikorsky Regional Executive for the Middle East.
Sikorsky Aircraft Corp., based in Stratford, Conn., USA, 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., USA, 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 government procurement priorities and practices or in the number of aircraft to be built; 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.
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