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Sikorsky Aerospace Services Announces $4M Contract to Provide Presidential Airways with Heads Up Display Systems

January 06, 2009 | About:

Press Release: Sikorsky Aerospace Services Announces $4M Contract to Provide Presidential Airways with Heads Up Display Systems

United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines space propulsion systems and industrial gas turbines; Carrier heating air conditioning and refrigeration; Otis elevator escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release) United Technologies Corp. has a market cap of $48.61 billion; its shares were traded at around $54.88 with a P/E ratio of 10.5 and P/S ratio of 0.89. The dividend yield of United Technologies Corp. stocks is 3.01%. United Technologies Corp. had an annual average earning growth of 13.6% over the past 10 years. GuruFocus rated United Technologies Corp. the business predictability rank of 3-star.More on UTX:

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Press Release:

TRUMBULL, Conn., Jan. 6 /PRNewswire/ -- Sikorsky Aerospace Services today announced the signing of a $4 million contract with Presidential Airways to provide Heads Up Display (HUD) systems. The distribution of these systems will be performed by Helicopter Support Inc., a Sikorsky Aerospace Services company. Sikorsky Aerospace Services is the aftermarket business of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX). (Logo: [www.newscom.com] )Heads Up Display allows pilots to see flight instruments and other helicopter information through an eyepiece in their helmet without having to look down at the instrument panel. The system can be used during day and night operations."The HUD systems are an innovative technology designed to promote safer missions because pilots can maintain a forward-looking focus," said Frank DiPasquale, Vice President, Business Development, Sikorsky Aerospace Services. "We are pleased to be able to provide Presidential with a solution that meets their mission requirements. This is their first order for HUD units, and we look forward to continuing this successful business relationship." Presidential Airways is a Worldwide Services company based in North Carolina. Sikorsky Aerospace Services provides comprehensive support to rotary and fixed wing aircraft around the world. It offers its military and commercial customers a full portfolio of support services through its aftermarket companies, Derco Aerospace, Inc., Helicopter Support, Inc., Sikorsky Support Services, Inc., Composite Technology, Inc., and Sikorsky Aircraft Australia - Helitech. Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. The company's long commitment to safety and innovation is reflected in its mission statement: "We pioneer flight solutions that bring people home everywhere ... every time(TM)." United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries.Source: PRNewsWireMore on UTX:

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UTX is in the portfolios of David Dreman, David Williams, Kenneth Fisher, John Hussman.

Rating: 2.0/5 (1 vote)

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