Lockheed taking cautious look

Lockheed taking cautious look at Iran helicopter market.

Eric on Saturday,
Lockheed taking cautious look at Iran helicopter market.Lockheed Martin corp, the most important U.S. arms maker, and parent of Sikorsky has begun to review the possibility of selling commercial helicopters to the Islamic Republic of Iran, however, aforesaid the market could also be small and the company still needed guidance from the U.S. government. Lockheed taking cautious look at Iran helicopter market.

Lockheed, along with Boeing Co, is one of the primary major U.S. aerospace companies looking into selling to Islamic Republic of Iran for the primary time since U.S. sanctions were obligatory following Iran’s Islamic Revolution of 1979.

European aircraft manufacturers already are starting to get orders from the Islamic Republic of Iran after sanctions were lifted on Jan. 16.

Nathalie Previte, vice-president of sales and marketing for Sikorsky, About Lockheed taking cautious look at Iran helicopter market said the company had received numerous inquiries from existing customers, including leasing companies and operators, curious about possible helicopter operations in the Islamic Republic of Iran.Sikorsky’s S-76 and longer-range S-92 commercial helicopters could be options for the Islamic Republic of Iran, Previte said, though she added that the country has very little of the offshore drilling activity that drives helicopter demand within the oil and gas sector.

“I want to understand the U.S. government’s policy about what can be done and what can we not do, and very clear everything with the U.S. government even before we start completing the analysis,” Previte told Reuters at the Berlin Air Show.

Previte’s comments marked the first time Lockheed has acknowledged looking into possible sales to the Islamic Republic of Iran. the company is mainly a government and defense contractor, however, entered into the commercial market with its purchase of helicopter maker Sikorsky from United Technologies corp last year.

Sikorsky is studying which of its product could be oversubscribed in the Islamic Republic of Iran, however, is still working through the restrictive and compliance issues with the U.S. government, Previte said about Lockheed taking cautious look at Iran helicopter market. She added it had been unclear how big the market could be.

Boeing Co Chief executive Dennis Muilenburg on Thursday said Iran’s demand for airliners was real, and the prospect of a major order there was moving nearer.

Airbus in Jan agreed to sell Islamic Republic of Iran 118 planes value about $27 billion at list prices and says it also sees Iranian demand for helicopters. [L8N15C55Y]

AgustaWestland, a unit of Italy’s carver Finmeccanica SpA, also has seen interest in its helicopters from operators trying to try and do business in the Islamic Republic of Iran, industry sources said.

Even if the U.S. government agrees to allow Lockheed, Boeing, and other U.S. manufacturers to sell aircraft to the Islamic Republic of Iran, analysts said the companies still face obstacles, including a possible lack of funds and lingering skepticism from financial backers.

Steve O’Bryan, who heads business development for Lockheed’s mission systems and training business – which incorporates Sikorsky – cautioned against overplaying the potential sales.

“We’re looking at it, of course, however, we’re going to take a very conservative approach on this,” he said.

Source: reuters.

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