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“Rotary and Mission Systems, which makes Sikorsky helicopters and ships, ended the year strong with quarterly net sales up 14 percent to $4.35 billion from $3.8
by sailfast 7y ago
“Rotary and Mission Systems, which makes Sikorsky helicopters and ships, ended the year strong with quarterly net sales up 14 percent to $4.35 billion from $3.81 billion.“
Quarterly. That’s a lot of luggage. Also you can’t easily replicate a Blackhawk from the same factory and slap a badge on it.
Unsure of the margins, but there seems to be plenty of wiggle room, and contracts run into the 10s of billions for major buyers like Saudi Arabia.
https://www.reuters.com/article/us-lockheed-results/lockheed-martin-revenue-beats-outlook-strong-for-2018-idUSKBN1FI1I2 https://www.reuters.com/article/us-lockheed-results/lockheed...
- smartbettor 7y agoWhy Sikorsky is not worth a lot of money money Sales were up 14% year of year... which is meh compared to tech companies. In 2015 they made $51 Million for the entire year. so their margins are tiny. crappy business to be in - but consistent. https://www.bizjournals.com/washington/blog/fedbiz_daily/2016/01/lockheed-martin-gives-glimpse-of-sikorsky-s.html https://www.bizjournals.com/washington/blog/fedbiz_daily/201...
- papito 7y agoSure, but a lot of these companies are not even profitable. The HOPE of massive profits seems to be worth more than the proof that a business can be in the black. And Sikorsky, honestly, could probably have higher margins, but they are in the business where billions disappear on boondoggles.