UTX reportedly weighing options on Sikorsky

|By:, SA News Editor

A spinoff of the helicopter maker looks to be the most likely option, reports DefenseNews, but an outright sale or a strategic merger are also being looked at. Unclear is how long a spinoff might take or who a buyer might be in a sale.

The company declined to comment, but former Pentagon manufacturing and industrial policy chief Brett Lambert says current market conditions make the timing ripe,  and expects more M&A and spinoff activity in the next 12 months than has been seen in the last 36.

UTX +2.4%