Top Defense Contractor Lockheed Martin Helicopters’ Deal
Lockheed Martin Corp., the world’s biggest defense contractor, is about to get even bigger after buying helicopter maker Sikorsky from United Technologies Corp. in a deal worth 7.1 billion after “taking into account tax benefits resulting from the transaction.”
It will be Lockheed’s biggest acquisition since 1995, when it merged with Martin Marietta in a deal valued at $10 billion.
For United Technologies, it’s the end of a 70-year relationship with the helicopter pioneer, maker of the iconic Black Hawk choppers used by the U.S. military (read more about the strategy of new CEO Greg Hayes here). It’s also a reaction to falling margins driven by cuts in the defense budget and, more seriously over the last year, a sharp drop in civil orders from the oil and gas industry. Oil companies have slashed investment spending in response to the 50% drop in oil prices since last summer. Read More >>
Today’s Preferred Military and Defense Training Management System
- Extremely configurable. Curriculum levels and components may be defined according to your training program requirements.
- ATMS is the optimal solution for managing military training and is the only training management software available that integrates with GTIMS.
- ATMS has a built-in LMS (Learning Management System) to provide learning content delivery and recording.
Source: Fortune Magazine http://fortune.com/2015/07/20/lockheed-martin-buy-sikorski-helicopter-8-billion/