Sikorsky Civil Helicopter Production Surges
Strong deliveries of the S-92 medium twin will boost civil activity at Sikorsky this year, according to recently released 2011 results and 2012 outlook. President Jeff Pino is expecting S-92 handovers to leap by 42 percent and overall civil deliveries by approximately 30 percent.
This year’s plans call for delivery of approximately 260 civil and military rotorcraft, with civil revenue expected to exceed $1.1 billion. Operating profits are predicted to be in the $50 million to $75 million range, down from $820 million last year.
Sikorsky plans to build six S-76Ds in the first half of this year and 17 in the second half, for a total of 24 deliveries this year; certification is now slated for before the end of June. Sikorsky delivered 274 civil and military helicopters last year (up 5 percent compared with 2010) and revenues reached $7.4 billion (up 10 percent). AIN understands “military systems” accounted for more than half of total 2011 revenues. Meanwhile, the civil production side (Sikorsky Global Helicopters) accounted for about 15 percent and Sikorsky Aerospace Services for the remaining 30 percent or so.