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Fri, Mar 02, 2007

The State Of Sikorsky: Pino Calls Company's Health 'Robust'

Unveils Four Pillars For Helomaker's Future

For Sikorsky, 2006 will go down as a record revenue year for the company... which, while certainly good news, also makes it that much harder to follow up that success in the coming years. At a press conference Thursday at Heli-Expo 2007, Sikorsky Aircraft President Jeffrey Pino unveiled the company's four pillars for its future: Growth, Excellence in Execution, Defining X2 Technology applications, and Globalization.

"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," Pino said.

"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," he continued. "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 program, which included a successful ground test of its demonstrator aircraft in November 2006.As Aero-News reported, Sikorsky announced earlier this year it intends to restart development of the next-generation coaxial helo (below) this year.

Pino 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 13,000 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."

"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.

FMI: www.sikorsky.com, www.rotor.com

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