:

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…

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]