Lockheed Martin Strikes $9m Deal To Buy Helicopter Maker Sikorsky

Lockheed Martin is to buy Sikorsky, maker of the Black Hawk helicopter, from rival United Technologies Corporation for $9bn. The deal consolidates Lockheed's position as the Pentagon’s largest supplier and opens key foreign markets for arms manufacturer. Lockheed dwarfs its nearest competitors, the defence business of air giant Boeing, and Northrop Grumman, maker of the B-2 stealth bomber.
Lockheed, which makes F-35 fighter jets, naval ships and government satellites, said the purchase would have no impact on its commitment to return cash to shareholders through dividends and a share buyback scheme.It added it would align Sikorsky under its mission systems and training business, which had already worked closely with Sikorsky on several helicopter programmes.



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