S&P 500
7,582.20
+0.03%
Dow Jones
51,018.80
+0.58%
Nasdaq 100
30,344.40
+0.25%
Russell 2000
2,916.31
-0.54%
FTSE 100
10,378.60
-0.32%
Nikkei 225
66,231.90
+0.67%

Military

Airbus Sells 123 Helicopters to China

Photo of Paul Ausick
By Paul Ausick Updated Published

Airbus Helicopter

Airbus Group NV
Aircraft maker Airbus’s helicopter division announced on Monday that it had sold 123 general aviation helicopters to three Chinese customers. The orders from Fujian, Guangdong and Yunnan provinces include mainly light single-engine aircraft from the company’s Ecureuil and the light twin-engine model EC135.

Boeing Co. (NYSE: BA) does not build a competitive product, but the Bell Helicopter division of Textron Inc. (NYSE: TXT) and the Sikorsky unit of United Technologies Inc. (NYSE: UTX) both build helicopters for general aviation and commercial use.

Airbus Helicopters recently changed its name from Eurocopter and claims to be the world’s largest helicopter maker, employing 23,000 people worldwide. The company operates a manufacturing facility in China and claims to hold 60% of the market for helicopters in the country.

The contracts were announced in connection with a visit to China by German Chancellor Angela Merkel. Deliveries of the aircraft will be made over the next six years.

ALSO READ: Airbus, Boeing Wait for the Other to Make First Move on New Jets

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Airbus Halts Delivery of Pratt & Whitney Engines
Paul Ausick |

Airbus Halts Delivery of Pratt & Whitney Engines

Airbus has discovered an issue with the Pratt & Whitney engines on its A320neo family. The aircraft maker will not…

Chinese Maker Shows Off First Jet to Compete With Boeing, Airbus
Paul Ausick |

Chinese Maker Shows Off First Jet to Compete With Boeing, Airbus

Following years of delays, Commercial Aircraft Corporation of China, aka Comac, rolled out its first new large passenger jet Monday…

Discover 8 Lockheed Martin Competitors And Biggest Threats
Colby Maxwell |

Discover 8 Lockheed Martin Competitors And Biggest Threats

Lockheed Martin (NYSE: LMT | LMT Price Prediction) is one of the largest aerospace, arms, and defense companies in the…

Paul Ausick |

Airlines Industry Wants to Get Tough With Engine, Aircraft Makers

On the first day of its annual meeting in Miami Monday, the International Air Transport Association heard a report from…

15 Largest Companies In The Capital Goods Sector
John Seetoo |

15 Largest Companies In The Capital Goods Sector

When investment programs or publications refer to the capital goods or industrials sector, they are broadly describing industrial level manufacturing…

Airbus Joins Boeing in Electric Aircraft Development
Paul Ausick |

Airbus Joins Boeing in Electric Aircraft Development

Airbus, Siemens, and Rolls-Royce said Tuesday that they have joined forces to develop a hybrid-electric aircraft that could be ready…

Boeing’s Chinese Rival Sets Second Test Flight of Commercial Jet
Paul Ausick |

Boeing’s Chinese Rival Sets Second Test Flight of Commercial Jet

Chinese aircraft maker Comac is expected to conduct its second test flight of it C919 commercial jet next month, five…

Airbus Delivers First A350-1000; Should Boeing Be Worried?
Paul Ausick |

Airbus Delivers First A350-1000; Should Boeing Be Worried?

Airbus officially delivered its first A350-1000 to launch customer Qatar Airways Tuesday morning. Today is also president Fabrice Brégier's last…

Paul Ausick |

Boeing, Airbus Maintain Order Silence at Zhuhai; Airbus Reports Results

Neither Boeing nor Airbus has announced a single order at the Zhuhai Air Show so far.

Top Gaining Stocks

Dell Technologies
DELL • Vol: 42,366,555
NetApp
NTAP • Vol: 15,911,807
ServiceNow
NOW • Vol: 68,243,561
IBM
IBM • Vol: 28,527,546
Hewlett Packard Enterprise
HPE • Vol: 86,996,387

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Clorox
CLX • Vol: 4,744,001
ResMed
RMD • Vol: 3,526,686
Intel
INTC • Vol: 191,680,425
Skyworks Solutions
SWKS • Vol: 5,407,806