Sikorsky Aircraft to acquire PZL Mielec | Aviation International News

Sikorsky Aircraft to acquire PZL Mielec

Sikorsky Aircraft of Stratford, Conn.

By Meredith Saini

January 24, 2007

Sikorsky Aircraft of Stratford, Conn. has agreed to acquire Polish aircraft maker PZL Mielec, which will form the foundation of Sikorsky’s European operations. Sikorsky and the Polish government announced the contract during a ceremony in Warsaw on January 10.

Under the agreement, Sikorsky will acquire a 100-percent stake in the company, which is based in the city of Mielec. The transaction is subject to regulatory approval and pre-closing conditions. According to a Sikorsky spokesman, the deal is worth more than $83 million and includes the share price as well as the value of Sikorsky investments over five years.

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