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  • U.S. startup seeks crowdfunding to produce business jet Tuesday, 25 Aug 2015 | 10:00 AM ET

    WASHINGTON, Aug 25- XTI Aircraft, a Denver, Colorado- based aerospace startup firm, launched an equity crowdfunding campaign on Tuesday to raise $50 million to fund the production of the TriFan 600, a six-seat fixed wing jet that can take off and land like a helicopter. The company's leaders include Jeffrey Pino, the former president of Sikorsky Aircraft, a unit of...

  • SAO PAULO, Aug 10- Honda Motor Co still aims to start delivering its HondaJet during the "late summer" in the United States, but its top aviation executive recognized on Monday that the deadline would depend on final certification there. He said there were about 20 aircraft in final assembly and, with final approval from the U.S. Federal Aviation Administration, the...

  • SAO PAULO, Aug 7- Brazilian planemaker Embraer SA said on Friday that the first Legacy 450 jet from a factory in Melbourne, Florida, will roll off the line in December 2016, as the company migrates business jet production there in a bet on the U.S. market. Embraer's U.S. headquarters are in Melbourne, where it already has an assembly line for its entry-level private...

  • SAO PAULO, Aug 7- Brazilian planemaker Embraer SA said on Friday that the production of its Legacy 450/ 500 business jet line would migrate to an assembly line in Melbourne, Florida as it bets on stronger growth in the U.S. market. Embraer's executive aviation chief Marco Tulio Pellegrini said in an interview that the new Legacy 450 would give the company more...

  • July 28- Textron Inc, the maker of Beechcraft and Cessna planes, reported lower-than-expected quarterly revenue as it delivered fewer King Air Turboprops and Bell helicopters. Revenue in Textron's aviation business, its largest, fell 5 percent to $1.12 billion in the second quarter, hurt by a change in the mix of commercial aircraft. Providence, Rhode Island-...

  • Cessna jets maker Textron's profit rises 16 pct Tuesday, 28 Jul 2015 | 6:46 AM ET

    July 28- Textron Inc, the maker of Beechcraft and Cessna planes and Bell helicopters, reported a 16 percent rise in quarterly profit, helped by lower costs. The company's net income rose to $167 million, or 60 cents per share, in the second quarter ended July 4 from $144 million, or 51 cents per share, a year earlier. Revenue fell 7.4 percent to $3.25 billion.

  • WASHINGTON, July 14- The United States and Japan have finalized a $332.5 million agreement for an initial sale of five V-22 tiltrotor planes built by Boeing Co and Bell Helicopter to Japan, the first international sale of the "Osprey" aircraft, the Pentagon announced Tuesday. This is first tranche of 17 V-22s and 40 engines built by Britain's Rolls Royce Holdings...

  • July 9- As United Technologies Corp nears a decision on how it will divest its Sikorsky helicopter division, the U.S. conglomerate faces challenges to its financial outlook that may limit the lift to its stock in the near term. Stock market upheaval in China and stalled sales at some of its businesses also darken the horizon. In an analyst meeting last month, it...

  • WASHINGTON/ NEW YORK, July 8- Lockheed Martin Corp and Textron Inc have emerged as final contenders to buy United Technologies Corp's Sikorsky Aircraft business, which could be valued at around $8 billion, according to people familiar with the matter. Textron, which has a market capitalization of about $12 billion and is up against a much larger suitor, has...

  • PARIS, June 19- Top U.S. and European helicopter executives said this week that the oil price-led commercial helicopter market slump would be temporary and that they will keep investing in new technologies given the sector's positive long-term outlook. The optimism about a recovery was reflected in comments by the head of Textron Inc, who said the company was...

  • PARIS, June 17- American weapons makers this week welcomed a push by U.S. government agencies to better coordinate on arms sales policies, but say most deals still take far too long to process, frustrating potential customers. The United States sent about 400 people to the biennial arms and aerospace bazaar, including Air Force Secretary Deborah James and NASA...

  • PARIS, June 17- American weapons makers have welcomed a push by U.S. government agencies to better coordinate on arms sales policies, but say most deals still take far too long to process, frustrating potential customers. The United States sent about 400 people to the biennial arms and aerospace bazaar, including Air Force Secretary Deborah James and NASA...

  • Airbus Helicopters Chief Executive Guillaume Faury said at the Paris air show on Tuesday he was "keeping an eye" on the potential sale of Sikorsky by parent United Technologies. Asked whether Airbus Group had the appetite for such a transaction, Wilhelm said: "I think you can see quite powerfully here at the show what Airbus Helicopters is doing in terms of...

  • PARIS, June 17- Boeing Co and Bell Helicopter, makers of the V-22 Osprey, say more countries are interested in buying the tiltrotor aircraft, with another 100 sales possible in coming years. The United Arab Emirates and a number of other countries are looking at buying 6 to 12 of the aircraft, which take off and land like a helicopter, but fly like a plane, company...

  • PARIS, June 15- United Technologies Corp announced on Monday that it would separate from its Sikorsky Aircraft business and said it would decide by the end of the third quarter whether to spin off or sell the $8 billion unit. United Technologies said the decision came after a review of strategic alternatives announced earlier this year and was subject to final...

  • Corporate jet makers eye revival led by North America Wednesday, 20 May 2015 | 6:10 PM ET

    GENEVA, May 21- Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week. Many companies in North America and Europe, from carmakers to banks and tech firms, scaled back usage or sold their...

  • WASHINGTON, May 19- The U.S. Marine Corps is not halting flights of UH-1 helicopters or V-22 tilt-rotor Ospreys despite recent deadly accidents in Nepal and Hawaii, the general in charge of Marine Corps aviation said on Tuesday. Bell Helicopter, a unit of Textron Inc, built the UH-1 Y-model helicopter that crashed in Nepal. The MV-22 Osprey tilt-rotor, which takes...

  • The 10 stocks likely to drop this summer: Goldman Friday, 15 May 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.

    Goldman Sachs' options team recommended this week that clients bet against 10 stocks that look most vulnerable to summer swoons.

  • April 28- Textron Inc, maker of Beechcraft and Cessna airplanes and Bell helicopters, reported lower-than-expected quarterly revenue and profit as helicopter division sales declined. Revenue in Textron's Bell division, which accounted for 31 percent of total revenue in 2014, dropped 13.2 percent to $315 million in the first quarter ended April 4.

  • CORRECTED-Textron quarterly profit jumps 50.6 pct Tuesday, 28 Apr 2015 | 6:58 AM ET

    April 28- Textron Inc, the maker of Beechcraft and Cessna planes and Bell helicopters, reported a 50.6 percent jump in first-quarter profit. The company's net income rose to $128 million, or 46 cents per share, in the quarter ended April 4, from $85 million, or 30 cents per share, a year earlier. Total revenue rose 7.9 percent to $3.07 billion.