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Sikorsky Aircraft, Boeing Form JV To Offer Saudi Rotorcraft Logistics, Training

United Technologies Corp.'s (UTX) Sikorsky Aircraft Corp. and Boeing (BA) have formed a joint venture to compete for sustainment services in support of the Kingdom of Saudi Arabia's rotorcraft fleet, Sikorsky announced Thursday.

Boeing Sikorsky International Services or BSIS, an equal-share joint venture, offers comprehensive in-country logistics, fleet and supply-chain management, maintenance support and aircraft modifications, as well as training for aircrews and maintainers.

David Adler, president of Sikorsky Aerospace Services or SAS, the aftermarket business of Sikorsky Aircraft, said, "Drawing on our joint expertise, BSIS will compete and operate as a single-source provider of local and comprehensive sustainment for the Kingdom's rotorcraft platforms."

Contracts that the joint venture will pursue are administered by the U.S. Government as part of its Foreign Military Sales process.

According to the company, the venture will help advance the Kingdom's efforts to diversify its economy, expand the technological expertise of its aerospace and commercial sectors, and add jobs.

Both companies have worked together for decades. They have also significant experience operating in Saudi Arabia. Sikorsky began to work with the Kingdom in early 1990s.

The Kingdom of Saudi Arabia operates a fleet of Boeing fixed wing and rotorcraft platforms. Boeing also supports research and community projects.

UTX closed down 2.1 percent on Wednesday at $94.18.

BA settled lower by 1.8 percent at $102.25.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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