Tass, the Russian news agency, reported recently Russian Helicopters – the only maker of helicopters in Russia and part of the state corporation Rostec – is the No. 1 helicopter money-maker in the defense world, besting in 2014 Stratford -based Sikorsky, a unit of Lockheed-Martin.
“The Russian Helicopters holding has outranked U.S. Sikorsky Aircraft in revenues raised from supplies of defense industry products in 2014, according to a report by the Stockholm International Peace Research Institute (SIPRI),” Tass reported.
Citing SIPRI data, Tass said that in 2014 revenues of Russian Helicopters from sales of defense products stood at $3.89 billion – up $390 million from 2013 – while Sikorsky raised $3.88 billion.
Total revenues of Russian Helicopters reached $4.3 billion and profit totaled $539 million in 2014. In 2014, the company employed 42,000 people.
Tass said Russian Helicopters ranks 23rd on the list of the world’s largest defense industry companies.
According to company data and reported by Tass, in 2014 there were more than 8,500 Russian Helicopters rotorcraft operating in more than 100 countries. The news agency also said Russian Helicopters products account for approximately 85 percent of the rotorcraft market in Russia and 14 percent of worldwide helicopter sales.
Tass said that as of 2014, Russian Helicopters enterprises produced about 24 percent of the global military helicopter fleet, 35 percent of the global combat helicopter fleet and half of the medium-heavy transport helicopter fleet. In 2014, Russian Helicopters produced 271 helicopters.
As of December 2014, the company’s firm order book stood at 546 helicopters. Tass noted the company produces 71 percent of the global ultraheavy helicopter fleet (with a maximum take-off weight of 20 tons) and 69 percent of the medium-sized fleet (take-off weight of 7-20 tons).
In its 2014 financial statement, Sikorsky (then under Hartford-based United Technologies Corp. ownership) said it “secured every strategic competition it entered – a string of wins that contributed to a record backlog and sets the stage for long-term organic growth.”
Among a lengthy list of military and commercial contracts for 2014 are major contracts with India and Turkey.
Sikorsky said, “The company won contracts to develop the next fleet of Marine One helicopters for the U.S. president and combat rescue helicopters for the U.S. Air Force. The U.S. Army also selected the Sikorsky-Boeing SB1 Defiant demonstrator, a medium-lift helicopter configured to Sikorsky’s X2 coaxial design, as one of two finalists in the Joint Multi-Role Technology Demonstrator program to compete for a future next-generation vertical-lift aircraft program.”
In 2014, Sikorsky reported 15,264 employees, net sales of $7.5 billion and a $219 million profit.
This page is available to subscribers. Click here to sign in or get access.