Lockheed Martin completes Sikorsky Aircraft acquisition

Bethesda, Maryland – Lockheed Martin has closed its acquisition of Sikorsky Aircraft, a provider of military and commercial rotary-wing aircraft. Aligned under the Lockheed Martin Mission Systems and Training (MST) business segment, Sikorsky Aircraft is now known as Sikorsky, a Lockheed Martin company.

 

Dan Schultz has been named president of Sikorsky, a Lockheed Martin company. Schultz led the integration efforts for Lockheed Martin leading up to Nov. 6, 2015’s acquisition closure and previously served as the vice president for Lockheed Martin’s Ship & Aviation Systems line of business within MST.

 

“Dan is a former Marine helicopter pilot and has decades of experience in the rotary-wing segment, including leading Lockheed Martin’s helicopter system integration business,” said Marillyn Hewson, Lockheed Martin chairman, president, and CEO. “He brings a wealth of leadership experience and a deep understanding of our international customer base. I am confident he is the right person to lead Sikorsky at this pivotal time.”

 

Sikorsky, a Lockheed Martin company, will retain its headquarters in Stratford, Connecticut. The line of business employs nearly 15,000 employees in 11 countries. Its helicopters are used by all five branches of the U.S. armed forces, along with military services and commercial operators in 40 nations.

 

“We are proud to welcome the Sikorsky team to Lockheed Martin,” Hewson said. “Lockheed Martin and Sikorsky share a legacy of innovation and performance that has shaped the history of aviation for more than a century. Together, we are even better positioned to provide the best value for our customers, employees, and shareholders.”

 

Source: Lockheed Martin