• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Sikorsky and Bristow Group Sign Long-Term Agreement Supporting World's Largest S-92® Helicopter Fleet

    4/24/25 4:34:00 PM ET
    $LMT
    $VTOL
    Military/Government/Technical
    Industrials
    Transportation Services
    Consumer Discretionary
    Get the next $LMT alert in real time by email

    Industry leaders look to the future with multi-year deal

    STRATFORD, Conn. and HOUSTON, April 24, 2025 /PRNewswire/ -- Sikorsky, a Lockheed Martin company (NYSE: LMT), and Bristow Group Inc. (NYSE:VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced a long-term agreement to provide enhanced support for Bristow's S-92® helicopter fleet.

    Sikorsky, a Lockheed Martin company, and Bristow Group Inc. announced a long-term agreement to support Bristow's S-92® helicopter fleet.

    This agreement deepens the decades-long collaboration between the two companies and provides enhanced support for Bristow's more than 60 S-92 aircraft operating in key markets around the world, including offshore energy and search and rescue (SAR). The long-term package extending into the next decade includes Sikorsky's Total Assurance Program (TAP), which provides Bristow with continued aftermarket support to operate its S-92 fleet within a known budget, reducing the risk of unplanned costs.

    "We are proud to continue our long-standing relationship with Bristow, one of the world's leading providers of helicopter services to the offshore energy industry," said Leon Silva, vice president of Global Commercial and Military Systems at Sikorsky. "We are committed to providing exceptional support to our customers and ensuring the continued success of the S-92 helicopter, which has a lifetime availability average of over 90% and many aircraft achieve more than 1,500 flight hours per year on average in the demanding offshore energy industry."

    "Bristow is the largest operator of the S-92 globally," said Stu Stavley, Bristow's Chief Operating Officer, Offshore Energy Services. "This long-term support agreement will enable us to maintain our high level of service to our customers, while also controlling our operational costs and improving our overall efficiency."

    The TAP package includes the following support provisions for Bristow's global fleet:

    • Power-by-the-Hour (PBH) agreement for offshore energy services and search and rescue helicopters;
    • Coverage for over 90 percent of replacement costs for parts including airframe, drive train, gearboxes, avionics and consumable parts;
    • Enhanced global fleet support with access to Sikorsky's worldwide network of forward stocking locations (FSL) and field service representatives (FSR); and
    • Access to Sikorsky360 customer portal, providing Bristow with the ability to place orders, check parts status, access services and financial information, and view aircraft data.

    This agreement reflects Sikorsky's continued commitment to the commercial market and investment in the S-92 platform, which is well-positioned to support the increasing demands of deepwater operations. Sikorsky recently unveiled the S-92 Phase IV main gearbox featuring an auxiliary lubrication system that automatically engages in the event of primary oil pressure loss, eliminating the need for immediate landing and allowing operators to safely reach their destination. This revolutionary solution has been validated through more than 800 hours of rigorous testing, and Federal Aviation Administration (FAA) certification is anticipated in 2025.

    Sikorsky also increased scheduled inspection intervals for the S-92 helicopter and offered a one-time life extension for specific main gearbox housings. These enhancements eliminate more than a full year of downtime caused by inspections and allow operators to safely keep their aircraft in service and generating revenues longer. The earned life credit is up to 1,200 hours / 3,600 ground-air-ground cycles, representing an additional 12 to 18 months for an average S-92 offshore oil operator and more than 24 months for others.

    For additional information, visit our website: https://www.lockheedmartin.com/s92

    Forward-Looking Statements Disclosure

    This press release contains "forward-looking statements." Forward-looking statements represent Bristow Group Inc.'s ("Bristow") current expectations or forecasts of future events. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project," or "continue," or other similar words, and include statements regarding the expected benefits of the fleet support and training agreements disclosed herein. These statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, reflect management's current views with respect to future events and therefore are subject to significant risks and uncertainties, both known and unknown. Bristow's actual results may vary materially from those anticipated in forward-looking statements. Bristow cautions investors not to place undue reliance on any forward-looking statements.

    Forward-looking statements speak only as of the date of the document in which they are made. Bristow disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in Bristow's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based that occur after the date hereof, except as may be required by applicable law.

    Risks that may affect forward-looking statements include, but are not necessarily limited to, those relating to: the impact of supply chain disruptions and inflation and our ability to recoup rising costs in the rates we charge to our customers; our reliance on a limited number of helicopter manufacturers and suppliers and the impact of a shortfall in availability of aircraft components and parts required for maintenance and repairs of our helicopters, including significant delays in the delivery of parts for our S92 fleet; our reliance on a limited number of customers and the reduction of our customer base as a result of consolidation and/or the energy transition; public health crises, such as pandemics (including COVID-19) and epidemics, and any related government policies and actions; our inability to execute our business strategy for diversification efforts related to government services and advanced air mobility; the potential for cyberattacks or security breaches that could disrupt operations, compromise confidential or sensitive information, damage reputation, expose to legal liability, or cause financial losses; the possibility that we may be unable to maintain compliance with covenants in our financing agreements; global and regional changes in the demand, supply, prices or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries (OPEC) and other producing countries; fluctuations in the demand for our services; the possibility of significant changes in foreign exchange rates and controls; potential effects of increased competition and the introduction of alternative modes of transportation and solutions; the possibility that portions of our fleet may be grounded for extended periods of time or indefinitely (including due to severe weather events); the possibility of political instability, civil unrest, war or acts of terrorism in any of the countries where we operate or elsewhere; the possibility that we may be unable to re-deploy our aircraft to regions with greater demand; the existence of operating risks inherent in our business, including the possibility of declining safety performance; the possibility of changes in tax, environmental and other laws and regulations and policies, including, without limitation, actions of the governments that impact oil and gas operations, favor renewable energy projects or address climate change; any failure to effectively manage, and receive anticipated returns from, acquisitions, divestitures, investments, joint ventures and other portfolio actions; the possibility that we may be unable to dispose of older aircraft through sales into the aftermarket; the possibility that we may impair our long-lived assets and other assets, including inventory, property and equipment and investments in unconsolidated affiliates; general economic conditions, including interest rates or uncertainty in the capital and credit markets; the possibility that reductions in spending on aviation services by governmental agencies where we are seeking contracts could adversely affect or lead to modifications of the procurement process or that such reductions in spending could adversely affect search and rescue ("SAR") contract terms or otherwise delay service or the receipt of payments under such contracts; and the effectiveness of our environmental, social and governance initiatives.

    If one or more of the foregoing risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on our forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control. Our forward-looking statements are based on the information currently available to us and speak only as of the date hereof. New risks and uncertainties arise from time to time, and it is impossible for us to predict these matters or how they may affect us. We have included important factors in the section entitled "Risk Factors" in Bristow's Annual Report on Form 10-K for the year ended December 31, 2024 which we believe over time, could cause our actual results, performance or achievements to differ from the anticipated results, performance or achievements that are expressed or implied by our forward-looking statements. You should consider all risks and uncertainties disclosed in the Annual Report and in our filings with the United States Securities and Exchange Commission (the "SEC"), all of which are accessible on the SEC's website at www.sec.gov.

    About Lockheed Martin

    Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at lockheedmartin.com. 

    About Bristow Group

    Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristow primarily provides aviation services to a broad base of offshore energy companies and government entities. Our aviation services include personnel transportation, search and rescue ("SAR"), medevac, fixed wing transportation, unmanned systems and ad-hoc helicopter services. Our business is comprised of three operating segments: Offshore Energy Services, Government Services and Other Services. Our energy customers charter our helicopters primarily to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. Our government customers primarily outsource SAR activities whereby we operate specialized helicopters and provide highly trained personnel. Our other services include fixed wing transportation services through a regional airline and dry-leasing aircraft to third-party operators in support of other industries and geographic markets.

    Bristow currently has customers in Australia, Brazil, Canada, Chile, the Dutch Caribbean, the Falkland Islands, India, Ireland, the Kingdom of Saudi Arabia, Mexico, the Netherlands, Nigeria, Norway, Spain, Suriname, Trinidad, the United Kingdom ("UK") and the United States ("U.S."). More information at bristowgroup.com.

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sikorsky-and-bristow-group-sign-long-term-agreement-supporting-worlds-largest-s-92-helicopter-fleet-302437824.html

    SOURCE Bristow Group

    Get the next $LMT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $LMT
    $VTOL

    CompanyDatePrice TargetRatingAnalyst
    Lockheed Martin Corporation
    $LMT
    4/23/2025$540.00Neutral → Outperform
    Robert W. Baird
    Lockheed Martin Corporation
    $LMT
    4/16/2025$575.00Equal-Weight → Overweight
    Morgan Stanley
    Lockheed Martin Corporation
    $LMT
    3/27/2025$550.00 → $480.00Outperform → Sector Perform
    RBC Capital Mkts
    Lockheed Martin Corporation
    $LMT
    3/24/2025$685.00 → $485.00Buy → Neutral
    BofA Securities
    Lockheed Martin Corporation
    $LMT
    3/24/2025Buy → Hold
    Melius
    Lockheed Martin Corporation
    $LMT
    1/14/2025$579.00Buy
    Truist
    Lockheed Martin Corporation
    $LMT
    1/2/2025$611.00 → $523.00Buy → Hold
    Deutsche Bank
    Lockheed Martin Corporation
    $LMT
    9/3/2024$704.00Hold → Buy
    Melius
    More analyst ratings

    $LMT
    $VTOL
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Amentum Completes Divestiture of Its Rapid Solutions Product Business for $360 Million

      Amentum (NYSE:AMTM) today announced it has completed the divestiture of Rapid Solutions to Lockheed Martin (NYSE:LMT) for $360 million in cash. The transaction advances Amentum's strategy as a pure-play provider of technology-enabled solutions and enhances its balance sheet strength and financial flexibility. About Amentum Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitme

      6/26/25 6:00:00 PM ET
      $AMTM
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin Declares Third Quarter 2025 Dividend

      BETHESDA, Md., June 25, 2025 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a third quarter 2025 dividend of $3.30 per share. The dividend is payable on Sept. 26, 2025, to holders of record as of the close of business on Sept. 2, 2025. About Lockheed MartinLockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of re

      6/25/25 7:43:00 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin and Electra Expand Collaboration to Accelerate EL9 Ultra-STOL Commercialization

      PARIS, June 19, 2025 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE:LMT) and Electra.aero, Inc. ("Electra") signed a Memorandum of Understanding to explore opportunities for Electra's EL9 ultra-short takeoff and landing (Ultra-STOL) aircraft. Electra's EL9 will transform military aviation for last mile logistics, mobile power generation and emergency response.Lockheed Martin, a global defense technology company, will collaborate with Electra to explore ways to accelerate the development of the EL9 in areas including digital engineering, manufacturing, supply chain, sustain

      6/19/25 3:00:00 AM ET
      $LMT
      Military/Government/Technical
      Industrials

    $LMT
    $VTOL
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President and CEO Bradshaw Christopher Scott gifted 612 shares, decreasing direct ownership by 0.15% to 402,952 units (SEC Form 4)

      4 - Bristow Group Inc. (0001525221) (Issuer)

      6/24/25 5:07:09 PM ET
      $VTOL
      Transportation Services
      Consumer Discretionary
    • Director Brass Lorin L. sold $41,138 worth of shares (1,228 units at $33.50), decreasing direct ownership by 4% to 31,955 units (SEC Form 4)

      4 - Bristow Group Inc. (0001525221) (Issuer)

      6/24/25 5:04:38 PM ET
      $VTOL
      Transportation Services
      Consumer Discretionary
    • Large owner Solus Alternative Asset Management Lp sold $1,535,640 worth of shares (45,857 units at $33.49) (SEC Form 4)

      4 - Bristow Group Inc. (0001525221) (Issuer)

      6/16/25 5:06:47 PM ET
      $VTOL
      Transportation Services
      Consumer Discretionary

    $LMT
    $VTOL
    SEC Filings

    See more
    • SEC Form 11-K filed by Lockheed Martin Corporation

      11-K - LOCKHEED MARTIN CORP (0000936468) (Filer)

      6/24/25 4:14:58 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • SEC Form 11-K filed by Lockheed Martin Corporation

      11-K - LOCKHEED MARTIN CORP (0000936468) (Filer)

      6/24/25 4:14:03 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • SEC Form 11-K filed by Lockheed Martin Corporation

      11-K - LOCKHEED MARTIN CORP (0000936468) (Filer)

      6/24/25 4:13:01 PM ET
      $LMT
      Military/Government/Technical
      Industrials

    $LMT
    $VTOL
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Lockheed Martin upgraded by Robert W. Baird with a new price target

      Robert W. Baird upgraded Lockheed Martin from Neutral to Outperform and set a new price target of $540.00

      4/23/25 8:12:04 AM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin upgraded by Morgan Stanley with a new price target

      Morgan Stanley upgraded Lockheed Martin from Equal-Weight to Overweight and set a new price target of $575.00

      4/16/25 9:02:12 AM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin downgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts downgraded Lockheed Martin from Outperform to Sector Perform and set a new price target of $480.00 from $550.00 previously

      3/27/25 8:08:44 AM ET
      $LMT
      Military/Government/Technical
      Industrials

    $LMT
    $VTOL
    Financials

    Live finance-specific insights

    See more
    • Lockheed Martin Declares Third Quarter 2025 Dividend

      BETHESDA, Md., June 25, 2025 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a third quarter 2025 dividend of $3.30 per share. The dividend is payable on Sept. 26, 2025, to holders of record as of the close of business on Sept. 2, 2025. About Lockheed MartinLockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of re

      6/25/25 7:43:00 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin Declares Second Quarter 2025 Dividend

      BETHESDA, Md., May 9, 2025 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a second quarter 2025 dividend of $3.30 per share. The dividend is payable on June 27, 2025, to holders of record as of the close of business on June 2, 2025. About Lockheed MartinLockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready

      5/9/25 4:30:00 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Bristow Group Reports First Quarter 2025 Results; Affirms 2025 And 2026 Outlook Ranges

      HOUSTON, May 6, 2025 /PRNewswire/ --  First Quarter Highlights Total revenues of $350.5 million in Q1 2025 compared to $353.5 million in Q4 2024Net income of $27.4 million, or $0.92 per diluted share, in Q1 2025 compared to net income of $31.8 million, or $1.07 per diluted share, in Q4 2024Adjusted EBITDA (as defined herein)(1) for Q1 2025 was $57.7 million, consistent with Q4 2024Affirms 2025 Adjusted EBITDA outlook range of $230 - $260 million and 2026 Adjusted EBITDA outlook range of $275 - $335 millionBristow Group Inc. (NYSE:VTOL) ("Bristow" or the "Company") today reported net income attributable to the Company of $27.4 million, or $0.92 per diluted share, for the quarter ended March

      5/6/25 4:15:00 PM ET
      $VTOL
      Transportation Services
      Consumer Discretionary

    $LMT
    $VTOL
    Leadership Updates

    Live Leadership Updates

    See more
    • ISS and Glass Lewis Join ADL and JLens in Recommending AGAINST Anti-Israel Shareholder Proposals at Intel, General Dynamics and Lockheed Martin

      Reiterates Call for Shareholders to Reject Proposals Motivated by Antisemitic Boycott, Divestment and Sanctions (BDS) Movement ADL (Anti-Defamation League) and its affiliate, Jlens, welcome the decisions of the two leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), to recommend that investors vote AGAINST anti-Israel shareholder proposals at the upcoming annual meetings of Intel Corporation (NASDAQ:INTC), General Dynamics (NYSE:GD) and Lockheed Martin Corporation (NYSE:LMT). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250505942003/en/ ADL and its Regist

      5/5/25 8:00:00 AM ET
      $GD
      $INTC
      $LMT
      Marine Transportation
      Industrials
      Semiconductors
      Technology
    • Lockheed Martin Names New General Counsel

      BETHESDA, Md., Dec. 3, 2024 /PRNewswire/ -- The Board of Directors at Lockheed Martin (NYSE:LMT) named Kevin O'Connor as the corporation's new senior vice president, general counsel and corporate secretary. Effective Jan. 13, O'Connor will succeed Maryanne Lavan, who plans to retire. O'Connor most recently served as senior vice president and chief legal officer for Carrier. "Kevin is a proven leader who brings insight, expertise, and a shared commitment to our 21st Century Security® vision. I look forward to working with him as we continue to prioritize strong governance and d

      12/3/24 4:15:00 PM ET
      $LMT
      Military/Government/Technical
      Industrials
    • Lockheed Martin Welcomes Egypt to the C-130J Super Hercules Fleet

      EL ALAMEIN, Egypt, Sept. 5, 2024 /PRNewswire/ -- The Egyptian Armed Forces announced today at the Egypt International Air Show that Lockheed Martin (NYSE: LMT) will deliver two C-130J-30 Super Hercules tactical airlifters to the Egyptian Air Force (EAF) through a Foreign Military Sale (FMS) with the U.S. Air Force. Egypt is the 23rd nation to join the worldwide Super Hercules operating community. Egypt is the 23rd nation to join the Super Hercules fleet with the acquisition of two C-130J-30 tactical airlifters.As the most advanced and proven tactical airlifter in the world, th

      9/5/24 10:15:00 AM ET
      $LMT
      Military/Government/Technical
      Industrials

    $LMT
    $VTOL
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Bristow Group Inc.

      SC 13D/A - Bristow Group Inc. (0001525221) (Subject)

      11/7/24 2:39:13 PM ET
      $VTOL
      Transportation Services
      Consumer Discretionary
    • SEC Form SC 13G filed by Bristow Group Inc.

      SC 13G - Bristow Group Inc. (0001525221) (Subject)

      10/31/24 11:55:00 AM ET
      $VTOL
      Transportation Services
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Bristow Group Inc.

      SC 13D/A - Bristow Group Inc. (0001525221) (Subject)

      9/4/24 8:19:49 PM ET
      $VTOL
      Transportation Services
      Consumer Discretionary