Sikorsky Secures Funding For VXX Proposal

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Sikorsky Secures Funding For VXX Proposal

August 31, 2004

  STRATFORD, Connecticut - Sikorsky Aircraft Corp. announced today it has been awarded $56.5 million from the United States Navy to fund engineering, program planning and other services associated with the Presidential Helicopter Replacement Program (VXX) competition.

In 2003 the Navy issued a Request for Proposal for the VXX competition, the designation for the procurement of presidential helicopters. Sikorsky and a team of six U.S. based suppliers have partnered to provide the VH-92 to fulfill the VXX requirement. The $56.5 million will pay for work scheduled to be completed by November 30, 2004.

"This investment will allow Sikorsky and the VH-92 All-American Team to enhance our proposal and to provide the safest, most secure helicopter for Presidential service," said Joseph Haddock, Sikorsky's vice president for government business development.

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. Sikorsky helicopters occupy a prominent position in the intermediate to heavy range of 5,300 kg to 33,000 kg gross weight. They are flown by all five branches of the United States armed forces, along with military services and commercial operators in more than 40 nations.

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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