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Lockheed Martin Completes Acquisition Of Sikorsky Aircraft

The following excerpt is from the company's SEC filing.

Corporation welcomes Sikorsky, a Lockheed Martin Company

Lockheed Martin (NYSE: LMT) has closed its acquisition of Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft. Aligned under the Lockheed Martin Mission Systems and Training (MST) business segment, Sikorsky Aircraft is now known as Sikorsky, a Lockheed Martin company.

Today we are proud to welcome the Sikorsky team to Lockheed Martin, said Marillyn Hewson, Lockheed Martin chairman, president and CEO. Lockheed Martin and Sikorsky share a legacy of innovation and performance that has shaped the history of aviation for more than a century. Together, we are even better positioned to provide the best value for our customers, employees and shareholders.

The acquisition advances Lockheed Martins commitment to provide its customers with mission-ready solutions that are affordable and efficient, while expanding its core business into the growing areas of helicopter production and sustainment. Sikorskys ability to leverage Lockheed Martins scale will ensure it remains a technology leader at the forefront of vertical lift.

Dan Schultz has been named president of Sikorsky, a Lockheed Martin Company. Schultz led the integration efforts for Lockheed Martin leading up to todays closure and previously served as the vice president for Lockheed Martins Ship & Aviation Systems line of business within MST.

Dan is a former Marine helicopter pilot and has decades of experience in the rotary-wing segment, including leading Lockheed Martins helicopter system integration business, Hewson said. He brings a wealth of leadership experience and a deep...