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Lockheed Martin To Buy Sikorsky Aircraft For $9 Billion

blackhawk.jpg
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A UH-60L Black Hawk

Lockheed Martin is buying Black Hawk helicopter maker Sikorsky Aircraft for $9 billion. Lockheed Martin Corporation said Monday that it plans to add Sikorsky to its mission systems and training unit.United Technologies Corp. announced in June that it planned to shed Sikorsky, either through a sale or spinoff. The Hartford-based aerospace and building systems conglomerate wants to focus on high-technology systems and services for the aerospace and building industries.

Aside from Black Hawks, Sikorsky, which is based in Stratford, Conn., makes presidential helicopters. The company’s helicopters have also returned astronauts home after they splashed down in the Pacific Ocean at the end of their space travels.

Connecticut’s Democratic Senators Richard Blumenthal and Chris Murphy say they are committed to keeping the jobs in the state.

The deal is targeted to close by the end of the year or in 2016's first quarter.

Information from The Associated Press was used in this report.

Jim is WAMC’s Associate News Director and hosts WAMC's flagship news programs: Midday Magazine, Northeast Report and Northeast Report Late Edition. Email: jlevulis@wamc.org
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