Lockheed to Purchase United Technologies Corp’s Sikorsky for Over $8 Billion

It has been announced that Lockheed Martin Corp will be purchasing United Technologies Corp’s Sikorsky aircraft for over $8 billion. Textron Inc, a parent of Bell Helicopter, had submitted a bid for Sikorsky but dropped out once the price rose. Lockeed decided to move forward with the purchase, even with the large price tag, because it sees Sikorsky as a “signature company” that will ensure strong revenues in the medium term. 

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