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Lockheed Martin To Acquire Sikorsky, Divest Government IT And Technical Services Work

Wednesday, July 22nd, 2015

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As expected, Lockheed Martin [LMT] on July 20 said it has agreed to acquire the Sikorsky Aircraft business from United Technologies Corp. [UTX] for $9 billion, adding a helicopter design and manufacturing to its portfolio, but the company unexpectedly announced it is undertaking a strategic review of its government information technology (IT) and technical services businesses with a goal to either spin-off or sell them.The deal for Sikorsky, which was officially put on the market in June by UTC after…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

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‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

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

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Congress

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

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