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Lockheed Martin To Acquire Sikorsky, Divest Government IT And Technical Services Work

Wednesday, July 22nd, 2015

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As expected, Lockheed Martin [LMT] on July 20 said it has agreed to acquire the Sikorsky Aircraft business from United Technologies Corp. [UTX] for $9 billion, adding a helicopter design and manufacturing to its portfolio, but the company unexpectedly announced it is undertaking a strategic review of its government information technology (IT) and technical services businesses with a goal to either spin-off or sell them.The deal for Sikorsky, which was officially put on the market in June by UTC after…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

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As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

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