Sikorsky Aircraft Corporation, a subsidiary of
United Technologies Corp.
), recently announced that Milestone Aviation Group has placed an
order for additional eight units of the S-92 helicopters.
With this announcement, Milestone's orders for the S-92
helicopters have reached 37 totaling over $1.2 billion. Out of
this, 15 aircrafts are scheduled to be delivered by 2015 and the
balance over a period of 5 years.
Introduced in 2004, the twin-engine S-92 is one of the world's
leading and most versatile helicopters servicing a wide range of
sectors such as oil and gas, search-and-rescue missions,
emergency medical services, Head of State missions and other
transportation services. Milestone's fleet currently includes 73
Sikorsky aircrafts, including 45 S-92 and 28 S-76 family
aircrafts. The helicopters under the new order will be leased to
operators all over the world and will serve various sectors.
Sikorsky has already supplied over 200 S-92 helicopters to
various customers worldwide. S-92 helicopters have a proven track
record of serving in difficult conditions, especially in the
offshore oil sector. This order further enhances Sikorsky's
position as one of the largest helicopter manufacturers in the
world and also establishes Milestone as one of its largest
customers. Sikorsky also provides aftermarket helicopter and
aircraft parts and services for its parent company, United
Based in Hartford, CT, United Technologies provides high-end
technology products and services to building systems and
aerospace industries worldwide. The company is a diversified
business conglomerate serving various end markets such as
aerospace, defense and commercial construction. The business
diversification allows the company to remain profitable amid
tough economic times.
United Technologies currently carries a Zacks Rank #3 (Hold).
Other stocks that look promising and are worth a look now are
Hutchison Whampoa Ltd
), each holding a Zacks Rank #2 (Buy).
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