DTN News: Czech Group In Supply Deal For Sikorsky's Black Hawk

DTN News: Czech Group In Supply Deal For Sikorsky's Black Hawk *Source: DTN News / Reuters (NSI News Source Info) PRAGUE, Czech Republic - February 4, 2010: Czech aerospace manufacturer Aero Vodochody has agreed a seven-year deal to supply cockpits to United Technologies Corp's (UTX.N) Sikorsky Aircraft, maker of the Black Hawk helicopter, the Czech group said on Thursday. Unlisted Aero Vodochody did not disclose the value of the contract, which runs until 2017 with the option of a five-year extension. The Sikorsky deal was one of three new contracts worth a total 4 billion crowns ($213 million) for Aero Vodochody. Sikorsky Aircraft won two U.S. military helicopter contracts worth a total of $1.52 billio in January.

AERO Vodochody a.s. is a joint stock company, registered in the Companies Register in Prague on January 2, 1991. Till the end of the year 2006, Aero was a state-owned company. From January 4, 2007, private equity group Penta became a sole shareholder of Aero and in the same year successfully finished its restructuring process, the main result of which was profit reached by Aero for 2007 in the amount of CZK 236 million. Aero thus entered the year 2008 as a stable and profitable company, ready to develop long-term partnerships with its customers.

AERO Vodochody - The largest aviation technology manufacturer in the Czech Republic - One of the oldest aviation technology manufacturers in the world (* 1919) - Focused on development, production, sales and support of civil and military aerospace technology - Extensive experience from production of over 11,000 aircraft - High-quality technological base - AS 9100 / ISO 9001 certified quality management system - Well-established cooperation with leading aerospace manufacturers - Convenient location near Prague, the Capital of the Czech Republic

($1=18.78 Czech crowns) (Reporting by Jason Hovet; Editing by Mike Nesbit)