Sikorsky Aircraft Awarded Contract for H-53E Fleet Support

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Sikorsky Aircraft Awarded Contract for H-53E Fleet Support

February 17, 2006

  Hartford, Connecticut - Sikorsky Aircraft has signed a contract with the U.S. Navy - Naval Inventory Control Point (NAVICP) to provide logistics support for H-53E heavy-lift and minesweeping helicopters. Sikorsky Aircraft is subsidiary of United Technologies Corp. (NYSE:UTX).

The $97.59 million award runs through Sept. 30, 2010, with an additional five-year option that brings the total value of the contract to $219 million if exercised.

Under the agreement, Sikorsky will partner with Naval Air Depot Cherry Point (N.C) to manage all spares, overhaul and repair work, including related piece parts, and provide additional engineering support for ten dynamic components on the CH-53E SUPER STALLIONTM and MH-53E SEA DRAGONTM helicopters. The work will be performed at both Naval Air Depot Cherry Point and Sikorsky facilities.

The CH-53E SUPER STALLION is deployed with U.S. Marine Corps heavy-lift helicopter squadrons, and is an essential part of the composite squadrons serving aboard USMC amphibious assault ships. The MH-53E SEA DRAGON is a specialized mine-sweeper assigned to U.S. Navy helicopter mine countermeasures squadrons. Sikorsky manufactured both helicopters and delivered more than 220 combined to the services between 1980-1999.

"We look forward to supporting the H-53E fleet to ensure the Marine Corps and Navy are equipped to serve the nation and fulfill their vital heavy-lift and minesweeping missions across the world," said Dave Adler, Sikorsky senior vice president for Worldwide Customer Support.

NAVICP procures, manages, and supplies spare parts for Naval aircraft, submarines and ships worldwide. NAVICP is responsible for over 400,000 items of supply, $21 billion of inventory and annual sales of $4.2 billion.

This represents the third Performance Based Logistics (PBL) agreement between Sikorsky and NAVICP, solidifying its status as an industry leader in this field. Under its PBL agreements, Sikorsky agrees to meet a variety of specified criteria all with the objective of repairing or replacing parts in a manner and timeframe which maximizes the Navy's operational readiness. Sikorsky's previous PBL agreements with NAVICP covered a variety of H-60 SEAHAWK components, and established its reputation as a pioneer in successful PBL contracting. The success of that program led to its replication in support of the H-53E fleet.

"Sikorsky's Worldwide Customer Service is the helicopter industry's leading fleet logistics management organization," Adler said. "We are committed to providing customers the expertise and support needed to maintain high readiness rates and peak operational efficiency."

Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in helicopter design, manufacturing, and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems.

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