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Sikorsky's Acquisition of Schweizer is Complete

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Sikorsky's Acquisition of Schweizer is Complete

September 27, 2004

  STRATFORD, Connecticut - Sikorsky Aircraft Corporation today announced that the acquisition of Schweizer Aircraft Corporation is complete.

Schweizer, based in Elmira, N.Y, is a U.S. company specializing in the light helicopter, reconnaissance aircraft, and unmanned aerial vehicle (UAV) markets. Effective immediately, Schweizer will operate as a wholly owned subsidiary of Sikorsky. The terms of the acquisition were not disclosed.

The purchase of Schweizer strengthens Sikorsky's capabilities in the Unmanned Aerial Vehicle (UAV) market, a key component in the Pentagon's System-of-Systems concept, which integrates surveillance, information, battle management and precision strike systems. It also broadens Sikorsky's portfolio to include light rotorcraft and fixed-wing reconnaissance product lines.

Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in the design, manufacture and service of advanced helicopters for commercial, industrial and military uses. Its helicopters occupy a prominent position in the intermediate to heavy weight range.

Sikorsky is a subsidiary of United Technologies Corporation (NYSE: UTX), of Hartford, Conn., which provides a broad range of high-technology products and support services to the aerospace and building systems industries.

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