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Sikorsky Chairman Dean Borgman to Retire

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Sikorsky Chairman Dean Borgman to Retire

March 29, 2004

  STRATFORD, Connecticut - Sikorsky Aircraft Corp. today announced that Chairman Dean C. Borgman plans to retire on July 1, 2004, bringing to a close a distinguished and rewarding rotorcraft career that stretches back to the 1960s.

Borgman has held the position of Chairman since 2003, prior to which he served for nearly five years as the Company's president.

"The Sikorsky name holds such a special place in our industry," said Borgman. "From the earliest days in Russia, through the flying boats in America, and, ultimately, the world's first practical helicopter, this company and its founder have always represented the very best in aerospace."

Borgman expressed his strong confidence in Sikorsky President Steve Finger. "In the months we have worked so closely together here, I have been continually impressed by Steve's clarity of vision, his relentless pursuit of our great future, and his unwavering commitment to delight our customers. Under Steve's leadership, I have very high expectations for Sikorsky."

Before coming to Sikorsky, Borgman served as Senior Vice President in charge of the Boeing Company's helicopter facility in Mesa, Arizona. He was named to the post after the merger of Boeing and McDonnell Douglas Helicopter Company. Borgman held a number of posts with McDonnell Douglas, including that of President. Borgman also spent six years in the U.S. Army Aviation Command, where he served the last two years as Director of Advanced Systems.

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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