Lockheed notes positive signs in commercial market
Lockheed Martin Corp said on Wednesday it is seeing some encouraging signs in the commercial helicopter market after last year's slump in demand from oil and gas companies as the sector grappled with a collapse in oil prices.
Nathalie Previte, vice president of sales and marketing for Sikorsky, a unit of Lockheed, said in an interview during the Berlin airshow that she expected flat demand for commercial helicopters this year, with analysts forecasting a return to growth in 2017.
Previte said Sikorsky had expected a sharp drop in flight hours in the sector in 2015, given a number of contract cancellations, but that flight hours actually rose by 1 percent in the year ended December 2015. | READ MORE