Lockheed Martin to Acquire Sikorsky Aircraft and raise the price by over 9%

23.07.2015 / 12:21

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Largest arms company in the US reached an agreement to purchase the manufacturer Sikorsky Aircraft Corporation from United Technologies Corp (UTX:US). In the press release of Lockheed Martin says: "Sikorsky is a natural fit for Lockheed Martin and complements our broad portfolio of world-class aerospace and defense products and technologies,” said Marillyn Hewson, Lockheed Martin chairman, president and CEO. „Together, we’ll offer a strong portfolio of helicopter solutions to our global customers and accelerate the pace of innovation and new technology development.”

The amount of the deal is estimated at $ 9.0 billion, but given the tax relief actually talking about a sum of $ 7.1 billion. The acquisition should be finalized at the end of 2015 or in Q1 of 2016.

This will be the biggest acquisition by Lockheed Martin (NYSE: LMT), after ingestion of Martin Marietta for $ 10 billion 20 years ago.

With rumors to Release, the price reached in ten days from Low = 186,46 to High = 205.39, in Volume (July 20) = 2,050,800.

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Lockheed Martin to Acquire Sikorsky Aircraft and raise the price by over 9%

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