Rotorcraft
Lockheed Martin Earnings, Sikorsky Deliveries Down
Sikorsky's civil helicopter sales have been hit particularly hard by the global energy slump.

Defense conglomerate and Sikorsky parent company Lockheed Martin first-quarter sales increased to $11.1 billion from $10.4 billion from the year-ago period, but earnings declined by $43 million year-over-year, to $763 million, it noted in its earnings release today. While net sales in the company’s Rotary and Missions Systems (RMS) segment increased to $3.101 billion, up fractionally from $3.04 billion a year ago, both operating profit and operating margin were down sharply, decreasing from $229 million to $108 million and from 7.6 percent to 3.5 percent, respectively.