Rotorcraft
Lockheed Martin Buying Sikorsky for $9B in Cash
United Technologies had been publicly shopping Sikorsky since at least February, and the Lockheed-Sikorsky deal had been telegraphed for weeks.
Lockheed Martin inked an agreement to buy helicopter maker Sikorsky Aircraft from United Technologies. A company spokesman told AIN that "we intend to keep the entire Sikorsky business—military and commercial." Sikorsky civil programs include the S-76D, S-92 (shown here) and former Schweizer helicopters. (Photo: Sikorsky)
Lockheed Martin inked an agreement to buy helicopter maker Sikorsky Aircraft from United Technologies. A company spokesman told AIN that "we intend to keep the entire Sikorsky business—military and commercial." Sikorsky civil programs include the S-76D, S-92 (shown here) and former Schweizer helicopters. (Photo: Sikorsky)

Lockheed Martin’s decision to buy Sikorsky Aircraft from United Technologies (UTC) for $9 billion lifts a cloud of uncertainty that has hung over the Connecticut-based helicopter maker since UTC announced its desire to shed the enterprise earlier this year. Made public on July 20, the deal is subject to potential vetoes from both the U.S. Defense and Justice departments but is expected to receive regulatory approval. The parties anticipate closing on the acquisition late in this year’s fourth quarter or early in the first quarter next year.