Bristow Goes on Helicopter Shopping Spree
Bristow Group and Sikorsky Aircraft Corporation have exercised options to acquire an additional four S-92(R) helicopters and three S-76C++(TM) helicopters with a combined value of more than $100 million.
The S-92 aircraft are larger helicopters capable of serving oil and gas facilities in the most remote offshore locations around the world. The S-76C++ helicopters are medium-weight aircraft. All seven will be delivered in late 2008.
"These state-of-the-art aircraft will be deployed at a number of locations across our global footprint to help us meet our customers' demand for larger, more modern aircraft to service increasingly remote and harsh-weather offshore facilities," said William E. Chiles, president and chief executive officer of Bristow Group. "This investment is part of an ongoing strategic initiative to upgrade the safety, capabilities and value of our fleet to better serve our customers and to enhance returns for our shareholders," he said.
"Bristow and Sikorsky have enjoyed a strong relationship for many years, and we're extremely pleased that Bristow continues to count on Sikorsky helicopters for some of the toughest missions and in some very demanding environments," said Marc Poland, vice president, Commercial Programs at Sikorsky.
Sikorsky Aircraft Corp., based in Stratford, Connecticut, USA, is a world leader in helicopter design, manufacturing, and service. The company's long commitment to safety and innovation is reflected in its mission statement: "We pioneer flight solutions that bring people home everywhere...every time(TM)." 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.
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