UTX reportedly weighing options on Sikorsky


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%

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Comments (2)
  • Robert.from.Ct
    , contributor
    Comments (1011) | Send Message
     
    Igor Sikorsky was a GIANT of a man.
    27 Jan 2014, 12:30 PM Reply Like
  • 1GreatCFA
    , contributor
    Comments (1362) | Send Message
     
    I guess the market liked this news.
    27 Jan 2014, 05:37 PM Reply Like
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