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Lockheed confirms US$9b Sikorsky Aircraft purchase

Published Tue, Jul 21, 2015 · 09:50 PM
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New York

LOCKHEED Martin said it will buy Sikorsky Aircraft, the storied US maker of the Black Hawk helicopter, in an all-cash US$9 billion deal with United Technologies Corp (UTC).

"Sikorsky is a natural fit for Lockheed Martin and complements our broad portfolio of world-class aerospace and defence products and technologies," said Marillyn Hewson, Lockheed Martin chairman, president and chief executive, in a statement.

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