Helicopter Investor

Lockheed Martin receives final approval to acquire Sikorsky

by · November 6

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.

Tags:

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

You may also like...