Sikorsky Aerospace Services to Explore Joint Venture with MilSOFT ICT

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Sikorsky Aerospace Services to Explore Joint Venture with MilSOFT ICT

April 28, 2009

  ISTANBUL, Turkey - Sikorsky Aerospace Services today announced at the International Defence Industry Fair the signing of a memorandum of understanding (MOU) to explore the formation of a joint venture with MilSOFT ICT to develop, market and support a suite of fleet management software tools. Sikorsky Aircraft Corp. is a subsidiary of United Technologies Corp. (NYSE:UTX). Sikorsky Aerospace Services, Sikorsky Aircraft’s aftermarket business will have a leading role as a partner in the new venture.  

The prospective joint venture entity would be located in Ankara, Turkey, and offer sophisticated software, including comprehensive maintenance and material management tools with an advanced suite of diagnostic modules, electronic technical manuals, and web-based training that can be used to support any complex weapons system, including tanks, Unmanned Aerial Vehicles (UAVs), ships and ground vehicles.

“This alliance would provide Turkey with a 21st century fleet management system,” said David Adler, President of Sikorsky Aerospace Services. “The system will aid in lowering operating costs while increasing fleet readiness and availability, both of which are key measures for any aircraft operator. We are confident that together, Sikorsky Aerospace Services and MilSOFT, will exceed the demanding requirements for service and support of the Turkish helicopter fleet.”

Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. Its Sikorsky Aerospace Services business designs and applies advanced logistics and supply chain solutions for commercial rotary, military rotary and fixed wing customers. United Technologies Corp., based in Hartford, Conn., USA, provides a broad range of high-technology products and support services to the aerospace and building systems industries.

MilSOFT ICT, based in Ankara (METU Technopolis), Turkey, is a CMMI Level 3 Turkish Private Company specializing in developing core information and communication technologies and improving its expertise, technological and process infrastructure to be a leading Technology Enabler in the international market. The company develops innovative fleet management and logistics life cycle support solutions according to emerging technologies and standards. 

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in aircraft demand; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.

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