Sikorsky Selling Up to 26 Helos to Bristow Group

On Tuesday, United Technologies subsidiary Sikorsky Aircraft announced that it has entered into an agreement to sell helicopter operator Bristow Group up to 26 S-76D helicopters for use in ferrying workers to and from offshore oil platforms.

This will be the first time the S-76D model helicopter has been used in such oil transport operations, and according to Sikorsky President Mick Maurer, this sale "strengthens the more than 40-year relationship between the Bristow Group and Sikorsky Aircraft."

Deliveries are set to begin later this year. Financial terms were not disclosed, but Sikorsky is said to sell the S-76D for anywhere from $9.1 million to $9.9 million, suggesting a total deal value of up to $257 million.

The article Sikorsky Selling Up to 26 Helos to Bristow Group originally appeared on Fool.com.

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