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Industry News
Lockheed Martin completes Sikorsky acquisition

Helicopter maker Sikorsky Aircraft will be known as Sikorsky, a Lockheed Martin Co., and will be managed by Dan Schultz.

Author: ,
Posted on: 11/9/2015
Source: CompositesWorld

Lockheed Martin (Bethesda, MD, US) reported on Nov. 6 that it has closed its acquisition of Sikorsky Aircraft, a manufacturer 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 Co.

“Today we are proud to welcome the Sikorsky team to Lockheed Martin,” says Marillyn Hewson, Lockheed Martin chairman, president and CEO. “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.”

Lockheed Martin says the acquisition advances the company's goal to provide mission-ready solutions that are affordable and efficient, while expanding its core business into the growing areas of helicopter production and sustainment.

Dan Schultz has been named president of Sikorsky, a Lockheed Martin Co. Schultz led the integration efforts for Lockheed Martin leading up to the acquisition 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,” Hewson says. “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.” 

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