Breeze-Eastern Awarded Sikorsky CH-53K Helicopter Cargo Winch Program
September 02 2008 - 4:29PM
Business Wire
Breeze-Eastern Corporation (AMEX:BZC) announced today that it has
been selected by Sikorsky Aircraft Corporation to provide the
Internal Cargo Winch System for the next generation CH-53K Heavy
Lift helicopter Sikorsky is developing for the United States Marine
Corps. The initial contract requires the delivery of five units for
the System Design and Development phase of the CH-53K helicopter
for the USMC. �Breeze-Eastern is proud to again be chosen by
Sikorsky for such a significant program for our military,� said
Robert L.G. White, President and CEO of Breeze-Eastern. �Building
on our expertise in the cargo winch market which has been
demonstrated on the Internal Cargo Handling System for the Sikorsky
S-92� helicopter and our retrofit for the USMC on the CH-53D
helicopter with a dual winch system, Breeze-Eastern will continue
this success by delivering a state of the art winch system to
Sikorsky and the USMC.� Sikorsky Aircraft Corp.
(http://www.sikorsky.com), a subsidiary of United Technologies
Corp. (NYSE:UTX), based in Stratford, Conn., is a world leader in
helicopter design, manufacture and service. Its mission statement
reflects the company�s long commitment to safety and innovation:
"We pioneer flight solutions that bring people home everywhere...
every time�." 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.
Breeze-Eastern Corporation (http://www.breeze-eastern.com) is the
world�s leading designer and manufacturer of sophisticated lifting
devices for military and civilian aircraft, including rescue
hoists, winches, cargo hooks, and weapons-lifting systems. The
company, which employs approximately 180 people at its facility in
Union, New Jersey, reported sales of $76.0 million in the fiscal
year ended March�31,�2008. INFORMATION ABOUT FORWARD-LOOKING
STATEMENTS Certain statements in this press release constitute
�forward-looking statements� within the meaning of the Securities
Act of 1933, as amended, and the Securities Exchange Act of 1934,
as amended (the "Acts"). Any statements contained herein that are
not statements of historical fact are deemed to be forward-looking
statements. The forward-looking statements in this press release
are based on current beliefs, estimates and assumptions concerning
the operations, future results, and prospects of the Company. As
actual operations and results may materially differ from those
assumed in forward-looking statements, there is no assurance that
forward-looking statements will prove to be accurate.
Forward-looking statements are subject to the safe harbors created
in the Acts. Any number of factors could affect future operations
and results, including, without limitation, competition from other
companies; changes in applicable laws, rules and regulations
affecting the Company in the locations in which it conducts its
business; interest rate trends; a decrease in United States
government defense spending, changes in spending allocation or the
termination, postponement, or failure to fund one or more
significant contracts by the United States government;
determination by the Company to dispose of or acquire additional
assets; general industry and economic conditions; events impacting
the U.S. and world financial markets and economies; and those
specific risks that are discussed in the Company�s previously filed
Annual Report on Form 10-K for the fiscal year ended March 31,
2008. The Company undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information
or future events.
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