Sikorsky (UTX) Announces Sales Growth in China
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China Southern Airlines' Zhuhai Helicopter Company this week accepted two Sikorsky S-76C++(TM) helicopters to support offshore oil projects in the South China Sea and Bohai Bay. Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX).
Two of the three licensed offshore oil helicopter operators in China fly Sikorsky helicopters. In addition, two multibillion-dollar Chinese private enterprises have chosen the S-76 C++ helicopter as their corporate aircraft, making the S-76C++ helicopter the first VVIP helicopter of intermediate class introduced into China.
Sikorsky has further invested in the region through a collaboration with Aviation Industry of China (AVIC), which is producing civil S-76 and S-300 airframes and parts. AVIC also has invested in Shanghai Sikorsky, Sikorsky's joint venture in China.
United Technologies Corporation (UTC) provides high-technology products and services to the building systems and aerospace industries. It has six segments: Otis, Carrier, UTC Fire & Security (UTC F&S), Pratt & Whitney, Hamilton Sundstrand and Sikorsky.[SM]
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