ALBUQUERQUE, N.M. (AP) -- Sikorsky Aircraft Corp., the maker of military-grade Black Hawk helicopters, said Wednesday it has completed the purchase of a minority stake in jet plane maker Eclipse Aerospace Inc.
Terms of the deal were not disclosed.
The Stratford, Conn.-based company said it has agreed to provide global supply chain support and certain production restart services to Albuquerque, N.M.-based Eclipse to help it restart production of its Eclipse 500 jet.
The Eclipse 500 is a twin-engine light jet that has been compared to an SUV of the sky. Eclipse Aerospace purchased bankrupt aircraft manufacturer Eclipse Aviation last August and reopened for business with 15 employees a month later. The new company has been opening maintenance centers to keep up support for 260 Eclipse 500 jets.
Shares of United Technologies Corp., Sikorsky's parent company, rose 33 cents to close at $82.16.
Terms of the deal were not disclosed.
The Stratford, Conn.-based company said it has agreed to provide global supply chain support and certain production restart services to Albuquerque, N.M.-based Eclipse to help it restart production of its Eclipse 500 jet.
The Eclipse 500 is a twin-engine light jet that has been compared to an SUV of the sky. Eclipse Aerospace purchased bankrupt aircraft manufacturer Eclipse Aviation last August and reopened for business with 15 employees a month later. The new company has been opening maintenance centers to keep up support for 260 Eclipse 500 jets.
Shares of United Technologies Corp., Sikorsky's parent company, rose 33 cents to close at $82.16.