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Business/Financial

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

By Cal Biesecker

Friday, November 6th, 2015

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

Dan Schultz has been named president of Lockheed Martin's newest business unit, Sikorsky. Photo: Lockheed Martin

Lockheed Martin [LMT] on Friday 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 of…

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