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Tag: sikorsky
United Technologies: US probes Sikorsky on Navy contract
2015-07-24 18:49:49| Paper - 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
The Wall Street Journal: Justice Department investigating allegations Sikorsky units overbilled Navy
2015-07-24 18:49:48| Paper - Topix.net
The Justice Department is seeking up to $148 million in damages and fines from United Technologies Corp. over allegations that subsidiaries of its helicopter business overbilled the U.S. Navy for spare parts. had previously disclosed the complaint against two subsidiaries of Sikorsky Aircraft, the helicopter unit.
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United Technologies: US Probes Sikorsky on Navy Contract
2015-07-24 18:49:47| Paper - 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
Lockheed Martin to Acquire Sikorsky Aircraft and Conduct Strategic Review of IT and Technical Services Businesses
2015-07-24 12:31:06| Industrial Newsroom - All News for Today
Corporation takes actions to shape portfolio for future growth BETHESDA, Md. Lockheed Martin (NYSE: LMT) has entered into a definitive agreement to acquire Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft, for $9.0 billion. The price is effectively reduced to approximately $7.1...
Tags: services
review
martin
technical
How Lockheed saved big on its Sikorsky purchase
2015-07-21 01:24:14| Industrial Machines - Topix.net
Lockheed Martin Corp. is saving big with its acquisition of Sikorsky Aircraft Corp. - $1.9 billion in tax benefits, in fact. The Bethesda-based Lockheed is set to purchase Sikorsky for $9 billion in cash from Connecticut-based United Technologies Corporation , though the price is reduced to $7.1 billion because of tax benefits from the transaction, according to a Lockheed press release.
Tags: big
purchase
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