:

Business/Financial

Lockheed Martin Acquisition Of Sikorsky To Close Friday

By Cal Biesecker

Tuesday, November 3rd, 2015

SHARE:

Lockheed Martin Acquisition Of Sikorsky To Close Friday

Lockheed Martin Chairman, President and CEO Marillyn Hewson

Lockheed Martin [LMT] on Tuesday said China has favorably completed is regulatory review of the company’s pending acquisition of Sikorsky Aircraft from United Technologies Corp. [UTX], paving the way for the deal to close this Friday.“With this final regulatory approval, we are one step closer to completing this historic acquisition,” Marillyn Hewson, chairman, president and CEO of Lockheed Martin, said in a statement.Lockheed Martin said that once the deal closes, having Sikorsky in its portfolio will advance the company’s “commitment…

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]