Lockheed Martin's Sikorsky wins South Korean presidential helicopter contract
Bitget2026/11/06 12:53- Lockheed Martin's Sikorsky selected Nov. 6, 2026, to supply S-92A+ helicopters for South Korea's Presidential Helicopter II program.
- KAEMS, a Korea Aerospace Industries subsidiary, will complete mission equipment installation in-country for the Republic of Korea Air Force fleet.
- The contract includes additional special mission equipment and sustainment support, including critical spare parts and field service representation.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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