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Exclusive: Lockheed to Buy United Tech's Sikorsky for Over $8 Billion
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20.07.2015
Two sources said on Sunday, Lockheed Martin Corp (LMT.N) has agreed to buy United Technologies Corp's (UTX.N) Sikorsky Aircraft for over $8 billion, cementing a deal that would confirm Lockheed's dominance in weapons making and giving the Black Hawk helicopter to the maker of the F-35 fighter jet.
The deal will add further heft to Lockheed, which already has annual revenues of around $45 billion and dwarves its nearest competitors, the defense business of Boeing Co (BA.N) and Northrop Grumman Corp (NOC.N).
The deal will add further heft to Lockheed, which already has annual revenues of around $45 billion and dwarves its nearest competitors, the defense business of Boeing Co (BA.N) and Northrop Grumman Corp (NOC.N).
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