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Lockheed Martin Closes Sikorsky Acquisition, Names Schultz President Of Business Unit

Tuesday, November 10th, 2015

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Lockheed Martin [LMT] on Nov. 6 closed its $9 billion acquisition of the Sikorsky Aircraft business from United Technologies Corp. [UTX] and named Dan Schultz, who led the integration efforts for the helicopter business, as president of the company’s new business unit.Renamed Sikorsky, the helicopter company is aligned under Lockheed Martin’s Mission Systems and Training (MST) segment.In addition to leading the integration efforts for Lockheed Martin, Schultz previously served as the vice president for the ship & aviation systems line…

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