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Lockheed Martin buying Sikorsky Aircraft for $9 billion
July 20, 2015
By The Associated Press
By The Associated Press
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
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
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