Eclipse Aerospace, Inc. and Sikorsky Aircraft Corp. Announce an Agreement in Principle for Sikorsky to Make an Investment in Eclipse
NBAA2010 CONVENTION, BOOTH 6667, ATLANTA, GA. - Oct. 20, 2010 – Sikorsky Aircraft Corp. and Eclipse Aerospace, Inc. announced today an agreement in principle for Sikorsky to make an investment in Eclipse Aerospace Inc. Located in Albuquerque, New Mexico, Eclipse Aerospace provides engineering, service, and support for the fleet of 260 Eclipse 500 twin-engine jets. Sikorsky Aircraft, manufacturer of the BLACK HAWK helicopter and other iconic aircraft, is a subsidiary of United Technologies Corp. (NYSE:UTX).
“This agreement in principle affords us an opportunity to invest in a great product and to further leverage our strong aftermarket and product support capabilities for fixed wing applications,” said Mark Cherry, Vice President of Strategy and Synergy for Sikorsky Aircraft Corp.
During the first 13 months of profitable operation, Eclipse Aerospace has made significant strides with continued upgrades to current Eclipse Twin-Engine Jet aircraft features and operational capabilities. In addition, Eclipse Aerospace has continued to rebrand its global supply chain and cultivate the existing and growing customer base to determine future market demand.
The Eclipse Twin-Engine Jet offers the benefits of an easy-to-operate, fuel efficient private jet to more people around the globe.
“We are elated about this potential new venture with Sikorsky Aircraft and the phenomenal reach we can extend to Eclipse Jet owners by access to the global service, support and supply chain network of Sikorsky,” stated Mason Holland, Chairman and CEO of Eclipse Aerospace, Inc. “With the closing of this agreement we would have it all -- a phenomenal fuel efficient twin-engine jet, an enthusiastic customer base and a fantastic support staff, all coupled with the depth and strength of a sound and experienced partner, Sikorsky Aircraft!”
About Eclipse Aerospace, Inc.
Eclipse Aerospace, Inc. provides engineering, maintenance, service, and support for the fleet of 260 Eclipse Twin-Engine Jet aircraft. Adhering to the motto “Customer First,” Eclipse Aerospace is focused on providing a superior customer experience for existing and future owners, operators and pilots of the revolutionary Eclipse Jet aircraft. Eclipse Aerospace corporate offices are based in Charleston, SC. Principle operations are located in Albuquerque, N.M. and Chicago, Ill. Eclipse Aerospace is located on the Web at www.eclipseaerospace.net.
About Sikorsky Aircraft Corp.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in aircraft design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries.
This press release contains forward-looking statements concerning investment in and potential production and sale of aircraft. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the signing of a final investment agreement, the results of a due diligence process and other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation’s Securities and Exchange Commission filings. www.sikorsky.com
Other Press Releases:
05.13.13: Crownair Selected as Factory Authorized Gold Service Center for Eclipse Twin-Engine Jets
04.09.13: Eclipse Launches Tour of Modern, Updated Production Facility
03.28.13: Eclipse Receives Production Certificate for EA550 Final Assembly
03.18.13: Eclipse 550 Jet 'Powered Up' on Its Way to First Delivery
01.07.13: Eclipse Submits RFI to USAF Request for Very Light Jet Fleet
10.31.12: Eclipse Reveals Lexavia as Enhanced Vision Supplier
10.30.12: IS&S and Eclipse Aerospace Announce Production Order for Eclipse 550 Flightdeck
09.26.12: Eclipse Announces Anti-Skid Brakes
07.24.12: Eclipse Aerospace Announces Brazilian Type Certification Validation
07.25.12: Pratt & Whitney Canada’s PW610 Engine Selected to Power New Eclipse 550 Aircraft
07.03.12: Eclipse Aerospace Announces "Total Eclipse = Total Savings" Program
06.04.12: Eclipse Announces Official Start of Production of 550 Model
05.15.12: PZL Mielec, a Sikorsky Company, Contracted to Build Eclipse 550 Airframe
04.25.12: Eclipse Receives Production Certificate from FAA for the Eclipse 550
04.19.12: Eclipse Operator Receives Part 135 Paperless Cockpit Approval
02.22.12: iPad App Announced for Eclipse Jet Owners
11.14.11: EAI Announces UAE Type Certificate Validation & 5 Aircraft Sales Into Region
10.10.11: An Eclipse Jet is donated to the Veterans Airlift Command at NBAA
10.10.11: Eclipse 550: Now Taking Orders
07.28.11: Eclipse Sales Take Off at EAA AirVenture 2011
07.25.11: Eclipse Jet Returns to 41,000 Feet
06.23.11: PhostrEx Receives FAA Approval
06.08.11: Total Eclipse Over Birmingham
06.06.11: Eclipse Sells Out Avio IFMS Upgrades for 2011
03.30.11: Eclipse Receives STC for Avio IFMS
02.02.11: Sikorsky Aircraft Completes Investment in Eclipse Aerospace
10.19.10: Eclipse Aerospace & IS&S Announce an Integrated FMS for Eclipse Twin-Engine Jet
09.20.10: Eclipse Aerospace Announces Release of Enhanced Windshield, Return to 41,000 Feet
09.02.10: SimCom's Eclipse Sims Receive FAA Level D Certification
05.26.10: Eclipse Aerospace Announces Eclipse Aircraft Insurance Program
05.06.10: Boca Aircraft Maintenance Named US Southeast Factory Authorized Gold Service Center for Eclipse Aerospace
04.19.10: Eclipse Aerospace Announces Platinum Service Center in Istanbul
03.29.10: Eclipse Aerospace Announces Introduction of the Total Eclipse®
03.18.10: Eclipse Selects SimCom as Training Partner
02.26.10: Eclipse 500 Meets Environmental and Economical Needs of U-Haul International