Sikorsky 2013 turnover 8% down, profit 17% down

Sikorsky 2013 turnover 8% down, profit 17% down

27-Jan-2014 Source: HeliHub.com

Last week Sikorsky’s parent company United Technologies issued their unaudited results for the year to 31 December 2013. As part of this, they included Sikorsky’s turnover figures down from $6.271 Billion to $6.253 Billion, a drop of 8%. The helicopter manufacturer’s profit was hit harder, dropping 17% from $712 Million to $594 Million. UTC also noted that they “did not recognize revenue on the Canadian Maritime Helicopter program in 2013 which resulted in a net earnings per share benefit of $0.06 versus expectations”.

See full financial numbers here

Jeremy Parkin – HeliHub.com

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