Sikorsky Aerospace Services Announces Acquisition of LifePort, Inc. - First Acquisition for New Accessories Business Segment

July 01, 2010 - SHELTON, Connecticut - Sikorsky Aerospace Services (SAS), the aftermarket division of Sikorsky Aircraft Corp., today announced the acquisition of LifePort, Inc., a Washington aircraft accessories manufacturer that specializes in air medical systems, lightweight armor, interior furnishings and EnfliteTM galley equipment for fixed and rotary wing aircraft. This acquisition establishes SAS’s new accessories business segment. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE:UTX).

LifePort, which had been privately owned, will operate as “LifePort, a Sikorsky Aerospace Services Company,” retaining its current executive management team. In addition to its primary facility in Woodland, Washington, LifePort operates additional manufacturing facilities in Georgetown and Plano, Texas.

“LifePort has a history of designing, manufacturing, and supporting the highest quality aviation components available in the fixed and rotary wing industries,” said David Adler, President of Sikorsky Aerospace Services. “This acquisition illustrates and reaffirms our commitment to offer solutions that are tailored to fit each customer’s requirements. It is ‘one-stop shopping’ designed with an eye toward customer responsiveness and satisfaction.”

Bill Weaver, LifePort’s President and General Manager, said, “This acquisition will enhance LifePort’s ability to provide even more comprehensive, high quality solutions to our worldwide customer base through additional new products, expansion of existing product lines and enhanced levels of customer service. We are excited by how it can enable us to further develop our current team as well as tap into the aerospace expertise of Sikorsky Aerospace Services and United Technologies Corporation."

Terms of the acquisition were not disclosed. LifePort’s revenues for 2009 were about $65 million.