Helicopter
manufacturer Sikorsky is unlikely to see any upturn in the commercial market
over the next two years, parent company Lockheed Martin has warned.
Sikorsky
only offers two dedicated civil helicopters, the medium-twin S-76D and the S-92
heavy-twin. Neither has sold in great volumes in recent years, with the latter
particularly affected by the downturn in the offshore oil and gas market.
Flight
Fleets Analyzer records just three deliveries of each type during 2017.
Speaking
on a full-year earnings call on 29 January, Lockheed chief financial officer
Bruce Tanner warned that crude oil prices would need to remain at $65/barrel or
above "for a little while longer" to "drive some of the volume
of helicopters in the oil and gas industry".
He
adds: "So we are obviously not expecting a large increase on the
commercial helicopters in 2018 compared to 2017.
"And
frankly, we are looking pretty flat in 2019 as well. Obviously, that could
change pretty quickly depending on oil and gas prices."
Deliveries
of military helicopters will also fall by about 50 units in 2018, warns Tanner,
on lower volumes of its UH-60 Black Hawk and MH-60R Seahawk contained in the
latest multi-year procurement for the US government.
However,
Tanner points out that volumes of the CH-53K for the US Marine Corps and the
VH-92, produced under the Presidential Helicopter Replacement Programme, will
begin to offset some of the H-60 downturn in the coming years.
He
says 2018 will be "a low point in sales" for Sikorsky, with growth in
2019 and beyond.
Tanner
remains confident that the airframer will secure export customers for the
CH-53K heavy-lifter, identifying Germany and Israel as the most likely buyers.
(Evangle Luo of TTFLY shared with you)