:

Business/Financial

Lockheed Martin Closes Sikorsky Acquisition, Names Schultz President Of Business Unit

By Cal Biesecker

Friday, November 6th, 2015

SHARE:

Lockheed Martin Closes Sikorsky Acquisition, Names Schultz President Of Business Unit

Dan Schultz has been named president of Lockheed Martin's newest business unit, Sikorsky. Photo: Lockheed Martin

Lockheed Martin [LMT] on Friday closed its $9 billion acquisition of the Sikorsky Aircraft business from United Technologies Corp. [UTX] and named Dan Schultz, who led the integration efforts for the helicopter business, as president of the company’s new business unit.Renamed Sikorsky, the helicopter company is aligned under Lockheed Martin’s Mission Systems and Training (MST) segment.In addition to leading the integration efforts for Lockheed Martin, Schultz previously served as the vice president for the ship & aviation systems line of…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]