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4-Traders Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

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Lockheed Martin : Sikorsky S-92 Helicopters Certified to Operate in Mexico

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11/15/2017 | 09:21am CET

STRATFORD, Conn.- Mexico's Directorate General of Civil Aeronautics (DGAC) approved the Offshore and Utility Type Certificate for the Sikorsky S-92 helicopter. The certificate enables the operation of S-92 helicopters in Mexico, in all production configurations including offshore oil and gas transportation, search and rescue, as well as regional airline passenger service and VIP transportation.

DGAC signed the certificate Nov. 6, capping an intensive three-year effort to introduce the S-92 helicopter manufactured by Sikorsky, a Lockheed Martin Company (NYSE: LMT), to Mexico.

'Sikorsky has been excited to watch the evolution of the offshore oil and gas industry in Mexico,' said Sikorsky Vice President, Oil & Gas, David Martin. 'As the industry expands into new territory, safe and reliable offshore transportation will ensure they remain on schedule and on budget. With this new certification of the S-92 aircraft, operators and oil and gas companies can select a true heavy helicopter that has the proven reliability and safety to support their success.'

'This moves us another step forward in our overall Latin America strategy,' said Sikorsky Vice President, Latin America, Adam Schierholz. 'The region has long had faith in Sikorsky products, specifically the Black Hawk. It's a natural progression, as oil markets expand in Mexico and Colombia, that the S-92 would start to play a prominent role in that sector.'

The S-92 was certified in Colombia in November 2016.

Sikorsky has delivered nearly 300 S-92 helicopters since 2004. With a best-in-class safety record and industry-leading dispatch availability, the multi-mission S-92 aircraft is the preferred aircraft of its size class for offshore oil worker transportation. These helicopters also perform search and rescue missions, head of state missions, and a variety of transportation missions for utility and airline passengers.

For more information visit Sikorsky Commercial Systems & Services

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

SOURCE Lockheed Martin

(C) 2017 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2017 50 616 M
EBIT 2017 5 808 M
Net income 2017 3 807 M
Debt 2017 11 499 M
Yield 2017 2,23%
P/E ratio 2017 26,41
P/E ratio 2018 23,73
EV / Sales 2017 2,11x
EV / Sales 2018 2,09x
Capitalization 95 196 M
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Average target price 338 $
Spread / Average Target 1,8%
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Marillyn A. Hewson Chairman, President & Chief Executive Officer
Rodney A. Makoske SVP-Corporate Engineering, Technology & Operations
Bruce L. Tanner Chief Financial Officer & Executive Vice President
Nolan Don Archibald Lead Independent Director
Joseph W. Ralston Independent Director
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