Lockheed Martin receives final approval to acquire Sikorsky

A Sikorsky S76 helicopter coming in to land.

Lockheed Martin has received the final regulatory approval needed to acquire Sikorsky Aircraft from United Technologies.

The completion of the regulatory review by the Ministry of Commerce of the People’s Republic of China marks the end of a successful and comprehensive regulatory review process in eight jurisdictions.

“With this final regulatory approval, we are one step closer to completing this historic acquisition.”

Marillyn Hewson, Lockheed Martin chairman, president and CEO said: “With this final regulatory approval, we are one step closer to completing this historic acquisition. Sikorsky brings a legacy of innovation and performance that perfectly complements Lockheed Martin’s portfolio. We are excited to soon welcome the men and women of Sikorsky to our team.”

Lockheed Martin should close the acquisition on 6 November 2015.