Canadian Aerospace Group and Sikorsky Aircraft Team in Portugal Military Bid.BURLINGTON, Ontario--(BUSINESS WIRE)--Dec. 13, 1999-- Canadian Aerospace Group International Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CASG CASG Commercial Activities Study Guide (DA PAM 5-20) ) announced today that its relationship with Sikorsky Aircraft For other meanings and similar spellings, see . Sikorsky is an American aircraft and helicopter manufacturer. It was founded 1923 by a Ukrainian born American aircraft engineer Igor Sikorsky, who made the first stable, single-rotor, fully-controllable helicopter to enter Corporation, a United Technologies Company (NYSE NYSE See: New York Stock Exchange :UTX UTX United Technologies Corporation (stock abbreviation, AMEX) UTX Unreal Texture (a texture pack for Unreal-engine games) UTX Unit Training Exercise UTX Under Track Crossing ) is continuing to expand with their recent teaming effort to compete for military aircraft sales in Portugal. As part of Sikorsky's efforts to sell up to twelve new S-92 Helicopters to the Portuguese Air Force The Portuguese Air Force (PoAF) (Portuguese: Força Aérea Portuguesa, FAP) is the air force of Portugal. Its origins dates back to 1912 when the military aviation began to be used in Portugal, later leading to the creation of the Army's and Navy's aviation , CASG is playing a key support role for Sikorsky by offering a program to establish a co-production and support operation in Portugal for the Monitor Jet as part of the Sikorsky Industrial Benefits (offset) package. The Monitor Jet is also being offered to the Portuguese Air Force to replace their current fleet of Alpha Jet Alpha Jet has the following meanings:
The two seat Monitor lightweight training aeroplane is considered an ideal low cost replacement for existing fleets of aging jets. In addition to the aircraft, the partners have proposed to add significant enhanced value to the proposal through the transfer of technology, co-production opportunities, and final assembly, repair and overhaul potential to OGMA OGMA Oficinas Gerais de Material Aeronáutico (Portugal) OGMA Old Growth Management Area (forestry industry) , the Government owned major aerospace corporation in Lisbon. The Teaming Agreement between the parties entails the provision to CASG of financial, technical, production and marketing assistance worldwide from Sikorsky for the various CASG products. In return CASG provides support to Sikorsky for their helicopter sales where possible through technology transfer and job creation. Sikorsky is the world's largest helicopter manufacturer and is a world leader in the design of advanced helicopters for military, commercial and industrial uses. Further information regarding Sikorsky and its fine products can be found on the company web site at www.sikorsky.com The Monitor military aircraft is a low cost pilot proficiency, threat simulation, electronic counter measures and counter insurgency platform to be powered by a Pratt & Whitney Canada turbofan in the 3000 to 4500 lb. thrust category, depending on customer requirement. PWC is a sister company to Sikorsky Aircraft and is one of the world's leading manufacturers of dependable military and commercial aircraft powerplants. Canadian Aerospace Group is also pleased to announce the appointment of ATOMEX S.A. as their direct agent in Portugal and certain territories in North Africa. ATOMEX S.A. is a long standing supplier of aviation products, operates a fleet of transport aircaft, and is the appointed agent for Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. for the region. For additional information concerning Canadian Aerospace Group International please visit the company web page at www.canaero.com |
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