Lockheed Martin acquires Sikorsky Aircraft
"Lockheed Martin's acquisition of Sikorsky was somewhat of a surprise," Cadden said. "Of the major players in the aerospace defense industry, Boeing, Northrop-Grumman, Textron and Lockheed Martin, Lockheed Martin and Northrop-Grumman are the only companies without a presence in the helicopter field. Although Textron submitted a bid for Sikorsky, it apparently was insufficient compared to Lockheed Martin's bid. It would appear that Lockheed Martin is actively committed to being in the defense industry. It has a proportion of sales coming from defense-related units that is far higher than Boeing or Northrop-Grumman. Decades ago, Lockheed Martin lost a major helicopter contract with its highly advanced Cheyenne helicopter. This will be Lockheed Martin's largest acquisition in two decades. One hopes that the new parent firm will not immediately seek major job relocations."
To speak to Cadden, please call John Morgan, associate vice president for public relations at 203-206-4449 (cell) or 203-582-5359 (office).