DUXFORD, England,
Oct. 3 /PRNewswire-FirstCall/ -- Bristow Group Inc.
(NYSE: BRS) a leading provider of helicopter services and production
management services to the offshore energy industry, and
Sikorsky Aircraft
Corporation, a subsidiary of United Technologies Corp. (NYSE: UTX), today
announced at the 2007 Helitech exhibition that Bristow has exercised options
to acquire an additional four S-92(R) helicopters and three S-76C++(TM)
helicopters with a combined value of more than
$100 million.
The S-92 aircraft are larger helicopters capable of serving oil and gas
facilities in the most remote offshore locations around the world. The
S-76C++ helicopters are medium-weight aircraft. All seven are expected to be
delivered in late 2008.
"These state-of-the-art aircraft will be deployed at a number of locations
across our global footprint to help us meet our customers' demand for larger,
more modern aircraft to service increasingly remote and harsh-weather offshore
facilities," said William E. Chiles, president and chief executive officer of
Bristow Group. "This investment is part of an ongoing strategic initiative to
upgrade the safety, capabilities and value of our fleet to better serve our
customers and to enhance returns for our shareholders," he said.
"Bristow and Sikorsky have enjoyed a strong relationship for many years,
and we're extremely pleased that Bristow continues to count on Sikorsky
helicopters for some of the toughest missions and in some very demanding
environments," said Marc Poland, vice president, Commercial Programs at
Sikorsky.
ABOUT BRISTOW GROUP INC.
Bristow Group Inc. is the leading provider of helicopter services to the
worldwide offshore energy industry based on the number of aircraft operated.
Through its subsidiaries, affiliates and joint ventures, the Company has major
transportation operations in the U.S. Gulf of Mexico and the North Sea, and in
most of the other major offshore oil and gas producing regions of the world,
including Alaska, Australia, Mexico, Nigeria, Russia and Trinidad.
Additionally, the Company is a leading provider of production management
services for oil and gas production facilities in the U.S. Gulf of Mexico.
For more information, visit the Company's website at
http://www.bristowgroup.com.
ABOUT SIKORSKY AIRCRAFT CORP.
Sikorsky Aircraft Corp., based in Stratford, Connecticut, USA, is a world
leader in helicopter design, manufacturing, and service. The company's long
commitment to safety and innovation is reflected in its mission statement: "We
pioneer flight solutions that bring people home everywhere...every time(TM)."
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 industries.
FORWARD-LOOKING STATEMENTS DISCLOSURE
Statements contained in this news release that state Bristow Group's or
Bristow Group management's intentions, hopes, beliefs, expectations or
predictions of the future are forward-looking statements. These
forward-looking statements include statements regarding customer demand,
aircraft capability and shareholder returns. It is important to note that the
company's actual results could differ materially from those projected in such
forward-looking statements. Additional information concerning factors that
could cause actual results to differ materially from those in the forward-
looking statements is contained from time to time in Bristow Group's SEC
filings, including but not limited to the company's quarterly report on Form
10-Q for the quarter ended June 30, 2007 and annual report on Form 10-K for
the year ended March 31, 2007. Bristow Group disclaims any intention or
obligation to revise any forward-looking statements, including financial
estimates, whether as a result of new information, future events or otherwise.
Contact:
Linda McNeill
(713) 267-7622
linda.mcneill@bristowgroup.com
Paul Jackson
(203) 386-7143
paul.jackson@sikorsky.com