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STRATFORD, Conn. - Sikorsky Aircraft Corp. successfully tested Wednesday a prototype helicopter that can travel nearly twice as fast as conventional helicopters, the manufacturer said.
| UTX | 47.16 |  -0.16 |
Following the low-speed 30-minute test flight in Horseheads, N.Y., Sikorsky, a subsidiary of Hartford-based United Technologies Corp. will test the helicopter's speed, low vibration, noise and other factors, said James Kagdis, manager of advanced programs.
"We think this technology has far-reaching opportunities for commercial and military customers," he said.
Kagdis said it could be eight to 10 years before the X2 technology reaches commercial and military markets.
A faster helicopter can increase the number of flights to offshore oil drilling rigs, improve search and rescue operations and more quickly transport patients to hospitals, Kagdis said.
The test follows more than four years of design, development and testing of the demonstrator aircraft.
Shares of United Technologies added 16 cents to $65.05 in afternoon trading.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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