UPDATE 1- Barnes Group withdraws FY09 outlook

* Withdraws FY09 outlook

* Cites uncertainty in automotive markets

June 9 (Reuters) - Barnes Group Inc (B.N), a maker of aerospace and industrial components, withdrew its full-year outlook, citing increased uncertainty in the transportation sector and continued weakness in the macroeconomic environment.

In May, Barnes had announced that it expected full-year earnings of $1.20 to $1.35 a share, the low-end of its previously issued outlook in February.

Analysts on average were expecting the aircraft parts maker to earn $1.32 a share for the same period, according to Reuters Estimates.

The transportation sector accounts for one-third of the company's total revenue.

"Overall uncertainty in the automotive market driven by bankruptcies and the cascading effect on suppliers, have obscured our visibility for the coming months, impairing our ability to forecast results for the remainder of the year with sufficient confidence," Chief Executive Gregory Milzcik said in a statement.

Shares of the Bristol, Connecticut-based company closed down 6 cents at $15.44, Tuesday, on the New York Stock Exchange.

For the alerts, please double-click on [nWNAB8149] (Reporting by Biswarup Gooptu in Bangalore; Editing by Jarshad Kakkrakandy)