July 21 2015
Lockheed Martin has announced a definitive agreement to purchase Sikorsky Aircraft.
While the purchase price is $9 billion, the net cost is about $7.1 billion, taking into account tax benefits resulting from the transaction, according to a Lockheed release on Monday.
The acquisition of the military and commercial helicopter maker is subject to regulatory approvals and is scheduled to close by the end of 2015 or early in 2016, say Lockheed officials.
Sikorsky is currently...
Please log in to continue reading.
Not yet a subscriber? Take a free trial.
Military Periscope gives you easy-to-use, integrated, open-source intelligence on…
Try Military Periscope free for seven days
Military Periscope FEDLINK information
Service ID: UC Contract Number: LCFDL19D0065
Military Periscope is a product of GovExec.
600 New Hampshire Ave., Suite 510,
Washington DC, 20037, USA.
(+1) 202-450-3967
©Military Periscope 2022
All rights reserved. Redistribution of the content is prohibited without prior consent of Military Periscope.