Sikorsky Taps Lockheed Martin To Bolster S-92 Helicopter Support

Lockheed Martin Company (NYSE: LMT) Trading shares above Friday. Lockheed Sikorsky revealed a long -term deal with it Bristow Group, Inc. (NYSE: VTOL) to enhance support for the S-92 Bristow.

This agreement will provide improved support for the Bristow, which exceeds 60 S-92.

These aircraft are used in decisive sectors such as external energy, search and rescue (SAR) worldwide.

The long-term package includes the Sikorsky (TAP) guarantee program, which provides the support for the Pristow’s predictable for its S-92, which reduces the risk of unexpected costs.

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The TAP package provides the global Bristow fleet with the power of each PBH for external energy and SAR helicopters, covering more than 90 % of spare parts, and provides global support enhanced via the FSR network from Sikorsky, and grant access to the Sikorsky360 customer portal for cutting and service services.

“We are committed to providing exceptional support to our customers and ensuring constant success in the S-92 helicopter, which is average life for more than 90 % and many aircraft achieve more than 1500 average flying hours in the field of requirements,” said Lyon Silva, Vice president of Global Trade and Military Systems in Sikorsky.

“We will enable the long -term support agreement to maintain the level of our high service for our customers while controlling our operational costs and improving our total efficiency,” added Offshore Energy Services.

This Thurs, Lockheed Martin has acquired Amenetum Holdings for devices and product business for $ 360 million.

On Tuesday, the company announced a 4 % increase on an annual basis in net sales to $ 18 billion, overcoming a consensus of $ 17.8 billion. GAAP profit was recorded of $ 7.28, overcoming consensus of $ 6.32.

As of March 31, Lockheed Martin was the equivalent of $ 1.80 billion money and cash.

Investors can also monitor the broader defense sector through the traded investment funds, including First Trust Indxx Aerospace & Defense ETF (NYSE: MISL) and Investco Aerospace & Defense Etf (NYSE: PPA).

Price work: LMT shares increased by 1.94 % at $ 475.86 in the last check on Friday.

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