Swoop for manufacturer of Black Hawk chopper opens new foreign markets for Lockheed, the Pentagon’s largest arms supplier
Lockheed Martin is to buy Sikorsky, maker of the Black Hawk helicopter, from rival United Technologies Corporation (UTC) for $9bn (£5.8bn), consolidating its position as the Pentagon’s largest supplier.
The deal opens key foreign markets for arms manufacturer Lockheed, which dwarfs its nearest competitors, the defence business of air giant Boeing, and Northrop Grumman, maker of the B-2 stealth bomber.Continue reading...
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