defense contractors

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With China’s OK, Lockheed Martin to close on Sikorsky purchase

The Sikorsky HH-60 helicopter, a derivative of UH-60 Black Hawk

WASHINGTON – Lockheed Martin said on Tuesday that it has received a final regulatory approval from China, allowing it to close on its $9 billion acquisition of Sikorsky Aircraft from United Technologies. Lockheed Martin said it anticipated closing on Friday. Continue Reading →

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Analysts: Lockheed Martin purchase fortunate break for Sikorsky, Connecticut

Marine One, the presidential helicopter, manufactured by Sikorsky.

WASHINGTON — Some may lose jobs and a few Connecticut companies may lose contracts, but Lockheed Martin’s purchase of Sikorsky Aircraft is likely to anchor the helicopter maker in Stratford and increase it’s share of Pentagon contracts and the overseas market, analyst say. Continue Reading →

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