Let's talk about the Aerospace industry today.
This week, the sale of Sikorsky to Lockheed Martin was completed. Lockheed purchased the helicopter maker for 9 billion in cash from United Technologies Corporation (UTC). Sikorsky is the maker of the black hawk helicopter and was also recently awarded a contract to make new helicopters to fly the President in (Marine 1 is call sign when the President is inside). With the purchase of the primarily defense contractor, Lockheed once again reaffirms itself as the premier provider of supplies to the DoD and the world. There were initial concerns that the deal might not go through due to regulatory issues, but those were soon put to bed. It seems the only other corporation that was interested in Sikorsky was Textron. It would seem awkward for UTC to sell one of the original members, but in today’s world, you must make hard decisions to keep the stakeholders happy and profit margins high. So do you all think it was a good purchase for Lockheed?
This week, the sale of Sikorsky to Lockheed Martin was completed. Lockheed purchased the helicopter maker for 9 billion in cash from United Technologies Corporation (UTC). Sikorsky is the maker of the black hawk helicopter and was also recently awarded a contract to make new helicopters to fly the President in (Marine 1 is call sign when the President is inside). With the purchase of the primarily defense contractor, Lockheed once again reaffirms itself as the premier provider of supplies to the DoD and the world. There were initial concerns that the deal might not go through due to regulatory issues, but those were soon put to bed. It seems the only other corporation that was interested in Sikorsky was Textron. It would seem awkward for UTC to sell one of the original members, but in today’s world, you must make hard decisions to keep the stakeholders happy and profit margins high. So do you all think it was a good purchase for Lockheed?