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Lockheed Martin buying Sikorsky Aircraft for $9 billion

Lockheed Martin Corp said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp, for $9-billion (U.S.), and would review the possible sale or spinoff of $6-billion in other information technology and services businesses.


July 20, 2015
By The Associated Press

The Pentagon’s largest supplier said the net cost of the Sikorsky deal was around $7.1-billion, taking into account tax benefits resulting from the transaction. Lockheed also reported higher earnings and revenue for the second quarter. | READ MORE