The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Lockheed confirms US$9b Sikorsky Aircraft purchase

Published Tue, Jul 21, 2015 · 09:50 PM
Share this article.

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.

The purchase of the UTC unit marks Lockheed's biggest deal since the company merged with Martin Ma…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here