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Lockheed Martin To Buy Stratford-Based Sikorsky For Over $8 Billion

Photo Credit: File

FAIRFIELD COUNTY, Conn. – Lockheed Martin Corp. has agreed to buy Stratford-based Sikorsky Aircraft from Hartford's United Technologies Corp.'s for over $8 billion, according to Reuters .

The deal would add the Black Hawk helicopter to the lineup of aircraft made by Maryland-based Lockheed Martin, which also builds the F-35 fighter jet, Reuters said.

The two companies plan to announce the deal on Monday. There was no word on how the deal could affect jobs at Sikorsky, which has its headquarters and a major plant in Stratford.

"For nearly 90 years, Sikorsky has provided generations and generations of hard working Connecticut residents with the stable and meaningful career opportunities they deserve, and the liberties that come with it," U.S. Sen. Chris Murphy (D-Conn.) said Sunday. "As the sale of Sikorsky becomes final, I will work closely with Sikorsky leadership to protect those jobs and ensure that Sikorsky helicopters continue to be made right here in Connecticut by our skilled and talented workforce.

"Connecticut's defense manufacturing industry is the best in the world, and I am committed to supporting and defending the tens of thousands of jobs it supports across our state."

U.S. Sen. Richard Blumenthal (D-Conn.), a member of the Senate Armed Services Committee, also released a statement Sunday.

“Regardless of ownership , Sikorsky's skilled, dedicated workers produce the world's best helicopters – and I will fight to assure that they continue to make them," Blumenthal said. "This workforce is a vital national security asset, and I will spare no effort or energy to support it. I will review carefully and closely any change in ownership and urge the Senate Armed Services Committee, on which I serve, along with the Department of Defense to scrutinize these issues as well, because the helicopters produced at Sikorsky are critical to our national security.

"I hope and expect a smooth transition to the next owner. The mobility, medical care, rescue operations, and other key functions of our armed forces are at stake.”

Read the full story here at the Reuters website.

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