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Statement on Washington Times Aviation

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Statement on Washington Times Aviation

September 17, 2004

  STRATFORD, Connecticut - Contrary to some news media reports, Sikorsky Aircraft Corporation is not setting up a helicopter plant in South Korea.

Under a memorandum of understanding signed this week in Korea, Sikorsky will explore the potential of non-financial assistance to Washington Times Aviation in its effort to establish an S-61 helicopter service and component manufacturing center in Kimpo, South Korea.

The S-61 is no longer manufactured by Sikorsky. The company ceased making the S-61 more than 20 years ago.

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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