Re:

mark„ can you give me a price on a d model outfitted like 750 . this is as a substitute for the c-FF

I don't have my data with me, but as I recall, the number was around 13.3M, including extra warranty, training and charter time. Sorry I missed your call. Cell was out of ear-shot on the charger.

Marc Poland
Sikorsky Global Helicopters
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when would i get it green and completed// i recall 12.1 plus. you were supposed to provide the plus which we agreed was much less than the 1.2 on the chart.

Good morning Jeffrey.

Using the data exactly as we stepped through it last week, the standard VIP configuration is the $12,120,000. Adding the extra warranty, training, charter time, and configuration content is what brings that up to $13,434,708.

As discussed, we are working on a simplified format for the differential; one that shows the deltas for substitutions rather than adds and deletes on separate pages. The analysis is done for the C++ and is being done now for the D. I will forward that as soon as it is completed. I do recall commenting that I saw

opportunity in some of the numbers on the D. The analysis will help shine a light on those and I would propose that we look at the list of differentials, then discuss from that starting point what the best possible number might be.

Regarding timing, current schedules call for a NOV, 2011 baseline, which would yield a completed ship in July, 2012.

Marc B. Poland
Commercial Director

Sikorsky Global Helicopters
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did you and george work out the current proposed swap

We have an approach that hits the goal of a $300k spread, but it relies in part on the two-ship discount ($100k of the 5300k assignment). I communicated to Lars• yesterday the following —

512,750k

Discounted price as briefed in WPB

(5250k) Reduction for accelerated payment of baseline (65%, pulled forward from July to March)

(5190k) Reduction for elimination of the 'entitlements', which would be reassigned from 750 to the new ship

$12,310k

It would be possible to 'bet on the come' and reduce this by another 5100k as benefit ofa two-ship order. This

would be done by entering into a deposit agreement for a to-be-negotiated S-76D. The deposit agreement would include payment (nominally 20%, or $2.4M) against the D, but would be refundable if the negotiation can not be settled. In case of return, the deposited amount would be debited for this 5100k.

The above gets us to $12,210k. If you can meet us with the adjustments above (early payment on the baseline and
a deposit on the D), I will close the remaining gap and hit the bulls-eye of $12.00, yielding the 5300k from the
sale of 750 that I believe you were after.

Marc

1 need to have a d price .

With or without extra warranty, training and AAG time?

Alone or in conjunction with a replacement C-+?

we are keeping that from 750. I assume transferable to the D

Does that mean no helicopter between 750 and the D, or does 750 not sell?

Marc Poland
Sikorsky Global Helicopters
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