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Sikorsky sale clears antitrust hurdle

2015-09-25 21:29:58| Paper - Topix.net

A sailor signals to a Sikorsky MH-60S Seahawk helicopter on the flight deck of the amphibious assault ship USS Boxer during Dawn Blitz 2015 exercises in the Pacific Ocean on September 6, 2015. The Seahawk is assigned to Helicopter Sea Combat Squadron 23. United Technologies' sale of Sikorsky Aircraft to Lockheed Martin cleared the required Hart-Scott-Rodino antitrust waiting period, one of the requirements for Lockheed Martin to complete its purchase of the Stratford-based helicopter manufacturer.

Tags: sale antitrust clears hurdle

 

Lockheed says US approves its US$9 billion takeover of Sikorsky

2015-09-25 07:51:52| Industrial Machines - Topix.net

Lockheed Martin Corp said on Thursday that U.S. officials have approved its US$9 billion takeover of Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp. The new Sikorsky Aircraft S-97 RAIDER helicopter, is seen during its unveiling ceremony at Sikorsky Aircraft in Jupiter, Florida, in this file photo taken October 2, 2014.

Tags: billion approves takeover lockheed

 
 

US launches criminal investigation against Sikorsky over aircraft contract

2015-07-27 01:00:00| Naval Technology

The US Department of Justice (DoJ) has reportedly launched a criminal investigation against United Technologies Corp's (UTC) Sikorsky for allegedly overbilling the US Navy for a contract.

Tags: contract investigation criminal aircraft

 

New Owner Plans to Keep Sikorsky in Stratford

2015-07-26 21:01:25| Industrial Machines - Topix.net

The new owner of Sikorsky Aircraft plans to stay in Stratford and keep its iconic name, officials said on Monday following the announcement of the $9 billion deal. United Technologies Corp. officially announced Monday morning that it has reached an agreement to sell Sikorsky Aircraft to Maryland-based Lockheed Martin Corp. The Connecticut Post reports Lockheed expects to save $150 million a year from the deal through a combination of possible job cuts, facility consolidation and the elimination of overlapping procurement costs.

Tags: plans owner stratford sikorsky

 

United Technologies: US probes Sikorsky on Navy contract

2015-07-24 19:07:26| Industrial Machines - Topix.net

United Technologies Corp. says the Justice Department has launched a criminal probe into allegations that subsidiary helicopter maker Sikorsky and two subsidiaries overbilled the Navy on a contract. The aerospace and building systems conglomerate said in a regulatory filing Friday that Sikorsky and its subsidiaries will cooperate fully.

Tags: united contract technologies navy

 

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