Lockheed Martin completes Sikorsky acquisition

Lockheed Martin has closed its acquisition of Sikorsky Aircraft.

Sikorsky Aircraft is aligned under the Lockheed Martin Mission Systems and Training (MST) business segment, and is now known as Sikorsky, a Lockheed Martin company.

“Today we are proud to welcome the Sikorsky team to Lockheed Martin. Lockheed Martin and Sikorsky share a legacy of innovation and performance that has shaped the history of aviation for more than a century.”

Marillyn Hewson, Lockheed Martin chairman, president and CEO said: “Today we are proud to welcome the Sikorsky team to Lockheed Martin. Lockheed Martin and Sikorsky share a legacy of innovation and performance that has shaped the history of aviation for more than a century. Together, we are even better positioned to provide the best value for our customers, employees and shareholders.”

Dan Schultz has been named president of Sikorsky, a Lockheed Martin Company. Schultz led the integration efforts for Lockheed Martin leading up to today’s closure and previously served as the vice president for Lockheed Martin’s Ship & Aviation Systems line of business within MST.

Hewson added: “Dan is a former Marine helicopter pilot and has decades of experience in the rotary-wing segment, including leading Lockheed Martin’s helicopter system integration business. He brings a wealth of leadership experience and a deep understanding of our international customer base. I am confident he is the right person to lead Sikorsky at this pivotal time.”

Sikorsky, a Lockheed Martin company, will retain its headquarters in Stratford, Connecticut. Its helicopters are used by all five branches of the US armed forces, along with military services and commercial operators in 40 nations.

Lockheed Martin released a short video

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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