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Friday, January 15, 2016

Oil Hasn’t Turned L-M Off of Civil Helos, Report Said

The declining and unpredictable oil and gas market is not shrinking Lockheed Martin’s interest in the commercial helicopter market, according to the Reuters news agency.
 
Citing a top L-M business development executive, Reuters said oil’s decline is not just affecting the aerospace and defense giant’s newly acquired Sikorsky Aircraft unit but all commercial helicopter makers. Also, it said L-M sees opportunities remaining in the commercial search and rescue and corporate/VIP markets (as well as Sikorsky’s bread-and-butter military sales). 
 
The report was based on an interview this week with Steve O’Bryan, the head of strategy and business development for L-M’s Mission Systems and Training unit, of which Sikorsky became a part in November.
 
"Lockheed Martin has a steadfast commitment to the commercial helicopter market," said O'Bryan, according to Reuters, adding that Sikorsky aircraft are being utilized at a high rate in the oil and gas sector with low idle time.
 
 
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