Sikorsky Backlogs Ballooned in 2013, but Sales Lagged

 - February 26, 2014, 4:34 PM

For Sikorsky, 2013 was a mixed bag, according to company president Mick Maurer, who gave his company’s year-end summary presentation yesterday at Heli-Expo. While the company reached a record backlog of more than $15 billion, it also recorded an 8-percent drop in sales, to $6.3 billion, the decrease driven largely by a drop-off in U.S. government orders on both the OEM side and the aftermarket segment last year.

In the commercial market, the United Technologies subsidiary saw an increase of more than a half-billion dollars year-over-year in top-line growth, with a backlog of more than $2 billion. “A new growth area for us has been China,” Maurer said, noting the rotorcraft manufacturer has taken in almost $300 million in orders from Chinese operators over the past year and expects its aircraft to be in service with all three of China’s major offshore oil operators.

Last month, the company’s S-76D made its long-anticipated entry into service. “The early returns are very favorable,” said Maurer, noting 2014 will be the year the new medium cabin helicopter begins to make an impact on its revenues.