Sikorsky Takes Share in Eclipse

Aviation International News » November 2010
October 27, 2010, 7:08 AM

In a surprise announcement at the NBAA convention, Stratford, Conn.-based Sikorsky Aircraft revealed that it reached an agreement “in principle” to make a substantial minority investment in Eclipse Aerospace. Executives from both companies provided few specifics about the deal, including its value. Eclipse CEO Mason Holland told AIN that the investment would not be used to restart serial production of the Eclipse 500 very light jet, although that remains the company’s eventual goal. “The money will be used for ongoing development as we move toward production,” Holland said.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X