| SHELTON,
Conn., July 1 /PRNewswire-FirstCall/ -- Sikorsky Aerospace Services (SAS), the
aftermarket division of Sikorsky Aircraft Corp., today announced the acquisition
of LifePort, Inc., a Washington aircraft accessories manufacturer that specializes
in air medical systems, lightweight armor, interior furnishings and Enflite(TM)
galley equipment for fixed and rotary wing aircraft. This acquisition establishes
SAS's new accessories business segment. Sikorsky Aircraft is a subsidiary of United
Technologies Corp. (NYSE: UTX). LifePort,
which had been privately owned, will operate as "LifePort, a Sikorsky Aerospace
Services Company," retaining its current executive management team. In addition
to its primary facility in Woodland, Washington, LifePort operates additional
manufacturing facilities in Georgetown and Plano, Texas. "LifePort
has a history of designing, manufacturing, and supporting the highest quality
aviation components available in the fixed and rotary wing industries,"
said
David Adler, President of Sikorsky Aerospace Services. "This acquisition
illustrates and reaffirms our commitment to offer solutions that are tailored
to fit each customer's requirements. It is 'one-stop shopping' designed with an
eye toward customer responsiveness and satisfaction." Bill
Weaver, LifePort's President and General Manager, said, "This acquisition
will enhance LifePort's ability to provide even more comprehensive, high quality
solutions to our worldwide customer base through additional new products, expansion
of existing product lines and enhanced levels of customer service. We are excited
by how it can enable us to further develop our current team as well as tap into
the aerospace expertise of Sikorsky Aerospace Services and United Technologies
Corporation." Terms
of the acquisition were not disclosed. LifePort's revenues for 2009 were about
$65 million. Sikorsky
Aerospace Services provides comprehensive support to rotary and fixed wing operators
around the world. It offers its military and commercial customers a full portfolio
of support services, including material distribution, maintenance, overhaul &
repair, aircraft modifications and life-cycle support. Sikorsky
Aircraft Corp., based in Stratford, Conn., is a world leader in aircraft design,
manufacture and service. United Technologies Corp., based in Hartford, Conn.,
provides a broad range of high-technology products and support services to the
aerospace and building systems industries. This
press release contains forward-looking statements concerning potential production,
sale and support of helicopters. Actual results may differ materially from those
projected as a result of certain risks and uncertainties, including but not limited
to changes in government procurement priorities and practices, budget plans or
availability of funding or in the number of aircraft to be built; 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. www.sikorsky.com
SOURCE
Sikorsky Aerospace Services
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