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Sikorsky completes investment in Eclipse Aerospace

Feb. 2, 2011, Albuquerque, N.M. - Sikorsky Aircraft Corp. and Eclipse Aerospace Inc. announced today the completion of a minority equity investment by Sikorsky in Eclipse Aerospace.


February 2, 2011
By Carey Fredericks


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The companies also entered into a Service Level Agreement pursuant to
which Sikorsky will provide global supply chain support and certain
production restart services, which will aid Eclipse Aerospace in its
efforts to reintroduce production of the Eclipse 500® very light twin
engine jet. Located in Albuquerque, New Mexico, Eclipse Aerospace
provides engineering, service, and support for the fleet of roughly 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).

“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.

Eclipse Aerospace currently offers “Total Eclipse” aircraft direct from
its factory. These factory refurbished aircraft are configured with the
AvioNG integrated flight management system, ability to fly into known
ice (FIKI), and coupled auto pilot approach capability for horizontal
and vertical approach guidance. These “like new” Total Eclipse Aircraft
also come complete with full factory warranty, new paint, and all new
interior.

“We are thrilled to announce the closing of this significant investment
in Eclipse. Beyond the equity investment, however, we at Eclipse hope to
draw from Sikorsky’s significant global supply chain resources and
manufacturing experience,” stated Mason Holland, Chairman and CEO of
Eclipse Aerospace, Inc. “I have said it before and it is worth
repeating: 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 and
strength of a sound and experienced Sikorsky Aircraft.”

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