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WSJ: Lockheed Martin in advanced talks to buy Sikorsky from United Tech

Jul. 10, 2015 3:04 PM ETLockheed Martin Corporation (LMT) StockLMT, UTX, TXTBy: Carl Surran, SA News Editor6 Comments
  • Lockheed Martin (LMT +1.7%) is in advanced talks to buy the Sikorsky helicopter unit from United Technologies (UTX +1.3%), and an agreement could be reached in the coming days, Dow Jones reports.
  • Earlier reports had said Textron (TXT +0.1%) also was a finalist in the bidding for the maker of Black Hawk helicopters.
  • At a speculated price of $8B or more, a purchase of Sikorsky would be LMT’s largest since it bought Martin Marietta for ~$10B 20 years ago.

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