Business

July 11, 2012

Bristow Group announces long term contracts for 20 large helicopters

Bristow Group Inc., a leading provider of helicopter services to the offshore energy industry, announced July 11 that it has secured several major new multi-year contracts for the provision of a total of 20 large aircraft that are expected to generate in excess of $2 billion in revenue.

 

In Europe, Bristow has been particularly successful with a number of wins including:

  • Extension of an existing contract in Norway for four S-92 large helicopters that is expected to start in September 2014 for a further seven-year term with the option for an additional five-year extension,
  • New contract award for the provision of Norway search and rescue (SAR) services using three new Eurocopter EC225 helicopters that is expected to commence in September 2014 for a period of five years with the option for an additional five-year extension, and
  • New contract award for one S-92 helicopter in the UK North Sea that commenced work in July 2012 and one EC225 helicopter that is scheduled to start work in August 2012 for a minimum of two years.

 

In Australia, INPEX has awarded Bristow a ten-year contract for up to six EC225 helicopters to support drilling, development and production operations on the Ichthys Project. INPEX also has an option to add a long term SAR aircraft. This new contract is scheduled to begin in 2014 and reinforces our long term commitment to the Australian market.

William E. Chiles, President and Chief Executive Officer, said, “We are very pleased with our recent commercial successes, which extend and enhance the pricing and terms of existing contracts and add new high-value long term contracts, for both crew change and SAR services. These contracts strengthen our position with key customers in several of our targeted growth areas. Our Client Promise initiative incorporating our unique Target Zero Accidents, Zero Downtime and Zero Complaints programs is becoming a clear differentiator in our industry, and we are pleased that our clients are recognizing the added-value of this initiative.”

In Brazil, Lider has been awarded five-year contracts by Petrobras for five Sikorsky S-92 large helicopters. One of these aircraft is leased to Lider by Bristow and is scheduled to start work in August 2012, and the remaining four aircraft are scheduled to commence work by April 2013.

“These multiple new contract awards with better pricing and terms than in the past are part of the increase in demand we predicted,” said Mark Duncan, senior vice president Commercial. “Our focus on providing clients the safest, most reliable and best service has positioned us well for further profitable growth as the market continues to strengthen.”




All of this week's top headlines to your email every Friday.


 
 

 

Headlines July 31, 2015

News: Carter: Military leaders could arm more troops at home – Following the recent fatal shooting of four Marines and a sailor in Tennessee, Defense Secretary Ash Carter is ordering the military services to consider new policies that would enhance security for troops at home, including potentially arming more personnel.   Business: DOD weighs supplier base,...
 
 

News Briefs July 31, 2015

U.S. delivering eight newer F-16 warplanes to Egypt The United States Embassy in Cairo says the U.S. is delivering eight newer F-16 warplanes to Egypt as part of an ongoing military support package. It says in a July 30 statement that the aircraft, of the current Block 52 production variant, will be flown in from...
 
 
Lockheed Martin photograph

Lockheed Martin successfully tests design changes for Orion spacecraft’s fairing separation system

Lockheed Martin photograph A protective panel for Orion’s service module is jettisoned during testing at Lockheed Martin’s Sunnyvale, California facility. This test series evaluated design changes to the spacecraft’s fair...
 

 

Australian company to provide parts for initial production of Triton UAS

Northrop Grumman has awarded the first Australian supplier contract for the U.S. Navy’s MQ-4C Triton unmanned aircraft system initial production lot to Ferra Engineering. Brisbane-based Ferra Engineering will manufacture mechanical sub-assemblies for the first four Triton air vehicles including structural components. “At Northrop Grumman it’s very important to not only develop...
 
 
Boeing photograph

CH-46 ‘Phrog’ makes its last hop

Boeing photograph The CH-46 Sea Knight helicopter commonly known as the “Phrog,” is set to retire and to be flown one last time by Reserve Marine Medium Helicopter Squadron (HMM) 774 on Aug. 1. The CH-46 Sea Knight is a med...
 
 

Insitu awarded LRIP Lot IV RQ-21A Blackjack Systems contract

Under the terms of its latest contract, Insitu will build six RQ-21A Blackjack systems for the U.S. Navy and Marine Corps. The $78-million Small Tactical Unmanned Aircraft Systems Lot IV Low Rate Initial Production contract is the latest event in the program’s progression toward the Initial Operational Test and Evaluation phase.   “This award will...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>