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Sikorsky Aircraft and Tata Group Sign MOU to Explore S-92® Helicopter Cabin Production in India

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Sikorsky Aircraft and Tata Group Sign MOU to Explore S-92® Helicopter Cabin Production in India

February 18, 2008

  NEW DELHI, India - Sikorsky Aircraft Corp. today announced the signing of a Memorandum of Understanding to explore the possibility of teaming up with Tata Group to manufacture S-92® helicopter cabins in India. Sikorsky is a subsidiary of United Technologies Corp. (NYSE:UTX).

Tata Advanced Systems is a wholly owned subsidiary of Tata Industries focused on providing integrated solutions for defense and aerospace. It is part of the Tata Group, one of India's oldest and largest conglomerates with businesses spread over seven sectors and comprised of 98 companies operating on six continents.

"India represents an expansive rotorcraft market with enormous potential and opportunity," said Sikorsky President Jeffrey P. Pino. "While we are only in the most preliminary of stages, I am most excited at the possibility of working with the well known and admired Tata Group, and tapping into India's skilled aerospace industry and capability."

"We believe that this manufacturing facility for the S-92 helicopter cabin will offer productivity gains to Sikorsky while bringing new manufacturing technology to India. It is an important part of our larger strategy for this sector," according to a Tata Industries statement.

Tata Group is currently displaying an S-92 cabin in the Tata Pavilion at the Defexpo 2008 show in New Delphi.

Sikorsky Aircraft Corp., based in Stratford, Connecticut, USA, is a world leader in helicopter design, manufacturing and service. The company's mission statement reflects its long commitment to safety and innovation: "We pioneer flight solutions that bring people home everywhere...every timeTM." United Technologies Corp., based in Hartford, Connecticut, USA, provides a broad range of high technology products and support services to the aerospace and building systems industries.

The Tata Group is one of India's largest and most respected business conglomerates, with revenues in 2006-07 of $28.8 billion (Rs129,994 crore), the equivalent of about 3.2 percent of the country's GDP, and a market capitalization of $72.8 billion as of January 10, 2008. Tata companies together employ more than 300,000 people.

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