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OLOG Signs for 35 S-76s and Options for 24 More

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OLOG Signs for 35 S-76s and Options for 24 More

June 14, 2005

  PARIS AIR SHOW, France - Sikorsky Aircraft today announced a contract to deliver 35 new S-76 helicopters to Offshore Logistics, Inc., the world's largest provider of helicopter transportation services to the oil and gas industry.

The contract, one of the largest single civil helicopter orders in Sikorsky's history, includes options for an additional 24 S-76 aircraft.

The aircraft will be used to support Offshore Logistics' customers across the world through its various strategic business units.

The first aircraft is set for delivery in late 2005. Another twenty deliveries are scheduled for 2006 and 2007 and the balance between 2008 and 2012.

The contract was announced at the Paris Air Show at a signing ceremony attended by William E. Chiles, President and Chief Executive Officer for Offshore Logistics, and Steve Finger, Sikorsky president.

This order is in addition to a previously announced purchase by Offshore Logistics for 12 new S-76s in 2003.

"We have decided to extend our S-76 contract with Sikorsky as the first part of our ongoing pro-active strategic fleet review initiatives. In addition to older aircraft replacement, the new aircraft will support some of our growth objectives based on global customer demand projections," Chiles said.

"We are pleased that Offshore Logistics has shown such confidence in the S-76. It is a testament to the value they see in the aircraft and its ability to operate safely and efficiently in the challenging offshore environment," said Jeff Pino, Sikorsky's senior vice president for marketing and commercial programs.

Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in helicopter design, manufacturing and service. Sikorsky is a subsidiary of United Technologies Corporation (NYSE:UTX), of Hartford, Conn., which provides a broad range of high-technology products and support services to the aerospace and building systems industries.

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