Oil and helicopters
I am reading the annual report from United Technologies - which owns, amongst other things, a helicopter company. To quote:
On the commercial side, Sikorsky finished the year with a backlog of nearly $3 billion — its largest ever — driven by growing demand for offshore transportation in the oil and gas industry.
I am not sure how good that backlog is.
John
Disclosure: no positions. Primarily reading because we have a disclosed position in a jet engine company (Rolls Royce) and like the follow the competition (Pratt and Whitney).
PS. I have received at least half a dozen emails about the hostage drama in Sydney. It is 5km away and I know no more than you can find out from internet. We can see the city from our office though and the number of helicopters swarming around has reduced.