Lockheed Martin closes Sikorsky deal

By Marjorie Censer / November 6, 2015 at 9:47 AM
Lockheed Martin said today its acquisition of Sikorsky from United Technologies Corp. is complete, marking the end of one of the largest defense industry transactions in recent years. Dan Schultz, who headed Lockheed's ship and aviation systems business and led the integration effort, has been named president of Sikorsky. He told reporters in a conference call Friday morning Lockheed will be integrating Sikorsky into its mission systems and training business. However, he said he doesn't expect layoffs and Sikorsky's headquarters...

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