Eclipse, Sikorsky ink equity investment
Eclipse Aerospace has completed an equity investment by Sikorsky Aircraft that was first announced in the fall. Under the agreement, Eclipse will call upon the infrastructure of Sikorsky, including global supply chain support, global parts distribution, and various production restart resources. No dollar amount was given.
The move is key to restarting the production of the twin-engine Eclipse 500. “I have said it before and it is worth repeating,” said Mason Holland, CEO of Eclipse Aerospace, “with this agreement we now have it all—a phenomenal, fuel-efficient twin-engine jet, an enthusiastic customer base, and a fantastic engineering, support, and service staff, all coupled with the depth, experience, and strength of Sikorsky Aircraft.”
Located in Albuquerque, N.M., Eclipse Aerospace provides engineering, service, and support for the fleet of roughly 260 Eclipse 500 jets. It also offers refurbished Eclipse 500 jets with the latest upgrades. Sikorsky Aircraft, manufacturer of the Black Hawk helicopter and other iconic aircraft, is a subsidiary of United Technologies Corp.
“The management team at Eclipse Aerospace shares with Sikorsky a passion for quality products and a customer-first commitment. We are pleased to make this equity investment and look forward to providing global support to Eclipse as it works to restart production of its twin-engine very light jet,” said Mark Cherry, vice president of corporate strategy and synergy for Sikorsky.
February 2, 2011