Lockheed Martin, Textron are major contenders to have offered to buy Sikorsky Aircraft.
The Stratford-based helicopter manufacturer could be valued at $8 billion and the decision for the sell-out is likely by the end of this month.
UTC would either sell or spin off Sikorsky, despite company winning two design competitions last year to produce helicopters for the White House and the US Air Force, Reuters quoted UTC as saying last month.
Textron makes Bell helicopters and Cessna aircraft. Lockheed is working with Sikorsky on a number of projects, including the presidential helicopter.
Sikorsky announced on June 2 that it would cut 1,400 positions globally over the next year, including 180 in Connecticut. The company also announced it would close its Bridgeport facility on South Avenue, bringing those several hundred jobs to its Stratford headquarters starting next year.
Sikorsky Aircraft announced Friday that it has delivered six CH-148 Cyclone helicopters to the Canadian government during an acceptance celebration. The six helicopters represent the first of 28 Cyclone aircraft that Sikorsky will deliver to the Canadian Armed Forces to perform a full range of anti-submarine and anti-surface warfare, search and rescue, and utility missions in various environments
Sikorsky Aircraft has won a $38.8 million contract from the US department of Defense for procuring critical parts and associated support for two CH-53K system demonstration test article aircraft
Sikorsky Aircraft announced Friday that it has completed the first flight of S-97 RAIDER helicopter, designed to demonstrate a game-changing combination of maneuverability, hover ability, range, speed, endurance and survivability. Based on the X2 coaxial rotor design, the RAIDER helicopter is capable of being developed into a multi-mission configuration that is able to carry six troops and external weapons
Saudi Arabia will be buying 10 Sikorsky SeaHawk MH60R multi-mission helicopters equipped with Advanced Precision Kill Weapon System (APKWS) and Hellfire II missiles from US for $1.9 billion
United Technologies has appointed Robert Leduc as President of Sikorsky Aircraft, succeeding Mick Maurer, who will move to the new position Senior Vice President, Strategic Projects. The appointments are effective immediately, and both Leduc and Maurer will report to UTC President and Chief Executive Officer Gregory Hayes, the company announced on Monday in its press release
Textron has won $65 million contract to provide variants of Commando Select Armored Personnel Carriers to Iraq and Columbia. Textron has to provide 54 Commando Select APCs each along with 40/50 turret; four Commando Select APCs with 40/50 turret and command and control variant and two each Commando Select APCs to Iraq and Columbia, the Pentagon said in a statement Tuesday
Textron has signed a contract with Ukroboronprom subsidiary SpetsTechnoExport (STE) for the sale of three Survivable Combat Tactical Vehicles (SCTV) to Ukraine. The contract entails the sale of three SCTVs that will be delivered to Ukraine in an ongoing effort to improve the survivability and mobility of its light tactical vehicle fleet, the company said in a statement Monday
Bell Helicopter has appointed Lisa Atherton as executive vice-president of military business. In this role, Atherton will be responsible for providing strategic direction, overall management and performance for all government programs and business development efforts
The US government has approved the $9 billion sale of Sikorsky Aircraft from United Technologies Corp to Lockheed Martin. “In a filing with the US Securities and Exchange Commission, Authorities in Japan and South Korea had also approved the deal, but it was waiting for other regulatory approvals,” Reuters quoted Lockheed Martin as saying in a statement Thursday
Lockheed Martin has entered into an agreement to acquire Sikorsky Helicopters for US $9 billion with $1.9 billion in account tax benefits
The US Army has selected Lockheed Martin to bid for a $1.1 billion Strategic Service Solutions contract for armored vehicles, machines and systems
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