Sikorsky to Remain in Stafford After Sale to Lockheed Martin

Sikorsky will remain headquartered in Stratford after Lockheed Martin Corp., the country's largest weapons manufacturer, purchases the Black Hawk helicopter maker for $9 billion.

A spokesperson for Lockheed Martin said Tuesday that Sikorsky "will retain its headquarters" in Connecticut, though it's unclear what changes will be made to staffing levels and what consolidations could take place.

Lockheed Marin announced plans to purchase Sikorsky on Monday.

Hartford-based United Technologies Corp. announced in June that it planned to shed Sikorsky, either through a sale or spin-off. The aerospace and building systems conglomerate wants to focus on high-technology systems and services for the aerospace and building industries.

Lockheed expects to save about $150 million by purchasing Sikorsky, according to the Connecticut Post.

The deal is set to close by the end of the year or in the first quarter of 2016 and is "subject to regulatory approvals and customary closing conditions and adjustments," United Technologies announced on its website.

"We are committed to working closely with Lockheed Martin to execute a seamless transition for customers and employees," UTC President and Chief Executive Officer Gregory Hayes said in a statement Modnay.

The company released its quarterly financial results on Tuesday morning and plans on discussing the sale at a call previously scheduled with investors and analysts today. The presentation will be available beforehand on UTC's website.

Copyright AP - Associated Press
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