Sikorsky

All posts tagged Sikorsky

HELI-EXPO 2016 – PRESS RELEASE

Turbomeca to offer S-76C+ engine upgrade program.

Louisville, HAI Heli-Expo, 2 March 2016

Turbomeca (Safran) will introduce an engine retrofit program to enable Arriel 2S1powered S-76C+ operators to upgrade to the Arriel 2S2 S-76C++ model. This engine upgrade will be conducted alongside an airframe retrofit program provided by Sikorsky Aircraft, a Lockheed Martin company.
Upgrading to S-76C++ configuration with Arriel 2S2 engines will deliver improved mission capabilities including greater take-off and cruising power, reduced pilot workload and higher payload.
Certified in 2005, the Arriel 2S2 is eight per cent more powerful than the Arriel 2S1. The engine delivers take-off power at 923 shp, cruise power of 832 shp and a maximum One Engine Inoperative (OEI) rating of 1033 shp. The 2S2 also features a dual-channel FADEC Arriel 2S2 meets the highest market standards in terms of reliability and robustness, with a TBO that has been extended to 3,850 hours.
Turbomeca Vice-President Support and Services Franck Saudo commented, “This upgrade program is a great opportunity to offer our customers greater performance and added value with the Arriel 2S2 which is an already proven high-performance engine on the S76”.
The engine retrofit upgrade will be available for order in the second quarter of 2016.
Around 12,000 Arriel units have been produced, of which 700 are Arriel 2S1 and 2S2, together logging 45 million flight hours. Ranging from 650 to 1000 shp, the Arriel engine family powers over 40 different helicopter types.
Arriel is the best-selling helicopter engine solution in its class. An Arriel-powered helicopter takes off every 15 seconds – all day, every day.

Arriel2S2Turbomeca

HELI-EXPO 2016 PRESS RELEASE

LOUISVILLE, KENTUCKY, March 1, 2016 – Sikorsky recognized Era Group Inc. today as the
first operator to enter revenue service with a new production Sikorsky S-92® helicopter with
Gross Weight Expansion (GWE). The event was conducted at the 2016 Helicopter Association
International Heli-Expo show at Sikorsky’s booth where Era’s S-92 helicopter is on display.
Sikorsky Aircraft is a Lockheed Martin company (NYSE: LMT).
Era’s first Sikorsky S-92 helicopter with GWE entered into revenue service in the Gulf of
Mexico in October 2015. The GWE increases the maximum take-off weight from 26,500 to
27,700 pounds. Era recently accepted delivery of its second S-92 helicopter with the GWE
option, and now operates a fleet of nine Sikorsky aircraft.
“Our customers are greatly benefitting from the extra payload offered by this S-92
helicopter,” said Chris Bradshaw, President and Chief Executive Officer, Era Group, Inc.
“The safety, reliability and performance of the S-92 helicopter makes it an optimal platform
for those we serve.”
Sikorsky has delivered more than 275 S-92 helicopters to customers throughout the world.
The fleet has flown more than 950,000 flight hours. S-92 helicopters perform a variety of
missions including oil & gas worker transportation, search and rescue, and a variety of
transportation missions for head of state, utility and airline passengers.
For additional information, visit our website: www.sikorsky.com.

ERA-S92

Fonte: ASKaNEWS.it 26 Gennaio 2016

Airbus, stop Polonia ordine elicotteri; Agustawestland rientra?

Azienda di Finmeccanica e Sikorsky hanno vantaggio impianti locali.

Roma, 26 gen. (askanews) – La Polonia ‘molto probabilmente’ cancellerà il maxi-accordo da 3 miliardi di dollari con Airbus per la fornitura di elicotteri all’esercito. Lo hannno riferito fonti del ministero della Difesa di Varsavia citate dal Financial Times. L’accordo, per la fornitura di 50 elicotteri EC-725 Caracal era stato provvisoriamente assegnato dall’ultimo governo prima di perdere le elezioni nello scorso mese di ottobre.

Ora il nuovo partito di maggioranza al governo l’euroscettico Legge e Giustizia, preferirebbe sostituire la transazione con un accordo affidato a un produttore locale. Una posizione che potrebbe far rientrare in gioco gli altri due produttori che avevano presentato offerte: AgustaWestland (Finmeccanica) e Sikorsky (Lockheed Martin) che hanno entrambe impianti in Polonia.

Barbara Kownacki, vice ministro della difesa, ha indicato che la Polonia non è soddisfatta della quota di lavoro locale che Airbus sta offrendo e ha detto al quotidiano locale Rzeczpospolita che è “molto probabile” che un accordo non verrà raggiunto.

aw189

Offshore operating giant Era Group has admitted it may have to cancel two-thirds of its orders for new aircraft as a result of the continued downturn in the oil-and-gas sector.

The operator currently has orders for nine AgustaWestland AW189s, three Sikorsky S-92s, and five AgustaWestland AW169s, representing a total commitment of US$174.5 million. The AW189s and S-92s are scheduled to be delivered between 2015 and 2018, while no delivery dates for the AW169s have been determined.

Era also has outstanding options to purchase up to 10 additional AW189s and three S-92s. But, as it reported its third quarter results Wednesday, Era said it may terminate $127 million of those commitments — and had already signed a contact amendment that included a reduction in the number of firm commitments and a deferral in delivery dates and deposit payments.

“We remain in dialogue with our long-term partners at the helicopter manufacturers and expect that those commercial conversations will result in additional contract modifications that will further reduce our near-term capital commitments by deferring additional helicopter delivery dates,” the operator said in a statement.

Era took delivery of the first S-92 in its fleet in September, which was subsequently placed in service in October, but said it continued to experience excess capacity in its medium helicopters, and expected excess capacity in its heavy helicopters (of nine Airbus Helicopters H225s) to increase beginning in the fourth quarter of 2015.

In its third quarter results, the company reported a net income of $0.9 million — as compared to 2014’s third quarter net income of $4.3 million.

“The third quarter proved to be a very challenging one as conditions further deteriorated in our key geographical markets,” said Chris Bradshaw, Era Group’s president and chief executive officer. “As the WTI crude oil price dropped from approximately $60 per barrel at the end of June to below $40 per barrel in mid-August, our customer base responded with renewed emphasis on cost reduction measures, which negatively impacted our operating revenues.”

“We believe the challenging industry conditions prevalent in 2015 are likely to continue for the next several quarters. We operate in a dynamic industry, and cost management is an ongoing process. We began adjusting our organization and cost structure with a management realignment and reduction in force in October and November 2014, and our focus on realizing cost savings has continued throughout 2015 and included all aspects of our business. Last month, we began an additional round of cost control measures, including further headcount reductions.”

Images courtesy and copyright by Oscar BERNARDI.

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era-1

REUTERS – 19 JULY 2015.

Lockheed Martin Corp has agreed to buy United Technologies Corp’s Sikorsky Aircraft for over $8 billion, two sources said on Sunday, cementing a deal that would confirm Lockheed’s dominance in weapons making and giving the Black Hawk helicopter to the maker of the F-35 fighter jet.

The deal will add further heft to Lockheed, which already has annual revenues of around $45 billion and dwarves its nearest competitors, the defense business of Boeing Co and Northrop Grumman Corp.

It will make Lockheed less reliant on the $391 billion F-35 fighter jet business, while expanding its overseas sales by adding Sikorsky’s iconic Black Hawk helicopters to a product line that already spans everything from satellites to naval ships.

The two companies plan to announce the deal on Monday before both report second-quarter results on Tuesday, said the sources, who were not authorized to speak publicly.

It will be Lockheed’s largest acquisition since it bought Martin Marietta Corp for about $10 billion two decades ago. It is the first major strategic move for both United Tech Chief Executive Officer Greg Hayes, who was elevated to CEO from finance chief in November, and Lockheed CEO Marillyn Hewson, who took her job in January 2013.

United Technologies and Lockheed officials declined comment.

Textron Inc, parent of Bell Helicopter, had submitted a bid for Sikorsky, but dropped out of the bidding after the price rose, according to several sources familiar with the matter. Both helicopter makers have seen revenues drop due to lower demand from the oil and gas sector.

Pentagon officials last week said they would carefully evaluate any sale of Sikorsky, saying it was important to the department to maintain competition and avoid market distortions.

The U.S. Defense Department can object to a merger involving its key suppliers during a federal antitrust review, which in this case could be led by the U.S. Justice Department.

Industry executives do not expect antitrust objections since Lockheed does not build helicopters, but said U.S. officials could ask for certain written assurances given Lockheed’s expanded scale.

“It’s a big deal, but it doesn’t concentrate markets any further than they already were,” said Virginia-based defense consultant Loren Thompson. “There’s no real overlap between the fighter market and the rotorcraft market. They’re discrete markets with different customers and users.”

Lockheed is also looking to shed some of its lower-margin services businesses, which could help lower revenues in coming months, according to several sources familiar with the matter.

Industry executives have long predicted further consolidation in the U.S. defense market after a massive contraction in the 1990s after the Cold War. The only sector that had remained largely unscathed was the helicopter market. Boeing, which makes CH-47 Chinook helicopters and works with Bell on the V-22, has already teamed up with Sikorsky to develop a next-generation helicopter for the U.S. military.

UTC in March said it would explore alternatives for Sikorsky, which accounted for $7.5 billion in sales last year out of total UTC revenues of $65 billion. In June, it said it would exit the helicopter business and sell or spin off Sikorsky, which expects slower revenue growth and has lower profit margins than other UTC divisions.

Sikorsky’s fit with United Tech, which also makes Pratt & Whitney jet engines and Otis elevators, had been long debated on Wall Street.

Sikorsky’s first-quarter operating profit dropped 11 percent on a 7 percent fall in sales. In June, the unit announced 1,400 job cuts and said it would consolidate facilities.

The price of the acquisition was inflated by a huge tax bill facing UTC since Sikorsky’s value has appreciated so much since it became part of United Tech in 1929.

UTC could use the funds for other large acquisitions, although the CEO has said the high valuations of targets have made potential transactions expensive.

Lockheed decided to proceed with the deal, despite the hefty price tag, because it views Sikorsky as a “signature company” that will ensure strong revenues in the medium term, when F-35 production begins to taper off, according to two of the sources.

Lockheed and Sikorsky already work together on several major helicopter programs, including the presidential helicopter, a combat rescue helicopter and the MH-60R- and S-model helicopters built for the Navy and Marine Corps.

Sikorsky’s strong foreign sales would help Lockheed expand its international footprint, said Richard Aboulafia, aerospace analyst with the Virginia-based Teal Group.

“It’s a great business for them to own. In addition to the F-35 and the C-130J, Sikorsky is another great brand for them to underpin their defense strategy,” he said.

Lockheed is keen to preserve the Sikorsky brand, the sources said, which means the company may well allow Sikorsky to continue functioning as a standalone business instead of integrating it into its already huge Aeronautics division, which had revenues of over $14 billion last year.

Other big aerospace companies, including Italy’s Finmeccanica SpA, Europe’s Airbus and Textron Inc, allow their helicopter businesses to operate as separate units.

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