The CIRCOR Aerospace Products Group, a business unit of CIRCOR International (NYSE: CIR), has been selected by Sikorsky Aircraft, a subsidiary of United Technologies Corporation (NYSE: UTX), to execute a multi-year contract, with an initial award of approximately $25 million to manufacture landing gear for its H-60 - BLACK HAWK and Seahawk(r) Helicopters.
"As previously announced on our third-quarter financial results call in November, this contract award is another example of CIRCOR's ability to win projects with excellent long-term growth potential," said Chairman and Chief Executive Officer Bill Higgins. "Our investments in engineering and proprietary product development have resulted in a number of program wins for CIRCOR Aerospace. We remain focused on making organic investments in sales, marketing, product development and manufacturing in order to capitalize on future opportunities across all three of our business segments."
CIRCOR Aerospace will perform the manufacturing, final assembly and testing of the landing gear at its Corona, California facility. CIRCOR Aerospace has extensive experience in the successful execution of similar programs. The award of this landing gear package positions the CIRCOR Aerospace team as a major partner to Sikorsky Aircraft.
"The CIRCOR Aerospace team is proud to be a key supplier to Sikorsky. We look forward to continuing to expand the partnership between CIRCOR Aerospace and the Sikorsky companies," said Michael Dill, CIRCOR Aerospace Products Group Vice President. "CIRCOR Aerospace would also like to express its appreciation to Oxford Industries for their support on this winning effort."
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