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Lockheed to Buy Sikorsky for $9 Billion, Review Unit Sales

Bloomberg business news

Inside Lockheed's Decision to Buy Sikorsky for $9B

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Lockheed Martin Corp. agreed to buy United Technologies Corp.’s Sikorsky helicopter unit for $9 billion and said it expects to divest its government information systems division via a sale or spinoff.

The Sikorsky purchase, the first strategic shift under Chief Executive Officer Marillyn Hewson since she became CEO in 2013, will let Lockheed branch into the $30 billion rotorcraft market. It’s the largest aerospace acquisition since 2012, when United Technologies bought Goodrich Corp. for more than $16 billion.