In the news release, Sikorsky
President Unveils Four Pillars for
Sikorsky's Future; Describes State of Sikorsky as 'Robust,' issued yesterday,
March 1, by
Sikorsky Aircraft Corp. over PR Newswire, we are advised by the
company that the second paragraph, first sentence, should read "...we are on
track to double our revenues for the 2003 - 2008 timeframe..." rather than
"2004 - 2008 timeframe" as originally issued inadvertently.
Complete, corrected release follows:
Sikorsky President Unveils Four Pillars for Sikorsky's Future; Describes State
of Sikorsky as 'Robust'
ORLANDO, Fla., March 1 /PRNewswire-FirstCall/ -- Following a record
revenue year for the company, Sikorsky Aircraft President Jeffery Pino
unveiled today at Heli-Expo the company's four pillars for its future: Growth,
Excellence in Execution, Defining X2 Technology(TM) applications, and
Globalization. Sikorsky Aircraft, a subsidiary of United Technologies Corp.
(NYSE: UTX), had $3.2 billion in revenues in 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060403/SIKORSKYLOGO )
Speaking about the company's recent growth at a press briefing, Pino said:
"Thanks to the support of our customers worldwide, we are on track to double
our revenues for the 2003 - 2008 timeframe, and given the projected strength
in the military, commercial, and service and support markets, we expect this
growth to continue. The number of products we have in production has grown
from just three in 2000 to 10 today, with another six active development
programs in work. We understand the need for excellence in execution, though,
and are taking steps within our operations to leverage our internal
capabilities and those of our supplier network to deliver on the product and
support commitments that we have made to our customers."
With an eye to the future Pino discussed Sikorsky's X2 Technology(TM)
program, which included a successful ground test of its demonstrator aircraft
in November 2006. He also noted that Sikorsky's recent announcements regarding
strategic business relationships in the Mid-east, Europe, and Asia underscore
its objective of bolstering its leadership position in the global aerospace
market.
"Although it is not without its challenges, I see a future that abounds
with possibilities, and I am personally excited to be a part of the greatest
industry on the globe. On behalf of the 11,000 men and women at Sikorsky
Aircraft, I'd like to extend our appreciation to our customers for their
continued confidence, and want them to know that we work every day to fulfill
our mission," Pino said.
Sikorsky also announced a new company mission statement which has already
begun to be incorporated into its communications. The new mission statement
is:
"We pioneer flight solutions that bring people home everywhere ... every
time(TM)".
"Our mission statement tells the story of our company, and is the focal
point of all of our activities. It takes into account our proud history and
bright future regarding innovation, satisfying the needs of our customers, and
saving lives," Pino said.
Sikorsky Aircraft Corp., based in Stratford, Conn., USA, is a world leader
in helicopter design, manufacturing, and service. 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.
This press release contains forward-looking statements concerning
potential production and sale 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.
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