COVID-19 Update : RotorTech UK 2020 cancelled

The current situation means that we have had to take the tough decision to cancel the event for this year, but RotorTech UK will be back in 2021. Read more

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Lockheed Martin tipped to buy Sikorsky

July 13, 2015

In the last week, Reuters were first to announce the apparent reduction in bidders for Sikorsky to two – Bell’s parent company Textron and Lockheed Martin.  Now the balance is clearly tipping in favour of Lockheed Martin, and figures around $8 billion are being suggested by the Sunday Times in the UK and the Wall Street Journal among others.  That would make it Lockheed’s largest deal since it bought Martin Marietta Corp. for around $10 billion some 20 years ago, according to S&P Capital IQ.

In a press briefing celebrating 100 years of producing aircraft at their Yeovil UK site, AgustaWestland CEO Daniele Romiti told HeliHub.com and others that they (so parent company Finmeccanica in reality) were interested in seeing the outcome of UTC’s disposal of Sikorsky, but had not bid because the expected price was too high.  There would also be an extended period of approving a foreign-owned company, particularly given the Italian Government holds just under a third of the shares in Finmeccanica.

An announcement is expected before the end of this month.  It will be interesting to see Lockheed Martin’s plans for the civilian-focused S76 and S92 production lines, as the whole ethos of the company is oriented to the military.

Jeremy Parkin – HeliHub.com

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Buy tickets in advance and save up to 25% compared to the on-the-gate price. Or fly-in and benefit from free show access.

26 minutes by train from Central London (Marylebone Stn.)
Free parking is available on-site for anyone with a valid show ticket
A free shuttle bus will operate from High Wycombe Station
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Thursday 10th June 2021
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Friday 11th June 2021
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