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New Owner Plans to Keep Sikorsky in Stratford

2015-07-26 21:01:25| Industrial Machines - Topix.net

The new owner of Sikorsky Aircraft plans to stay in Stratford and keep its iconic name, officials said on Monday following the announcement of the $9 billion deal. United Technologies Corp. officially announced Monday morning that it has reached an agreement to sell Sikorsky Aircraft to Maryland-based Lockheed Martin Corp. The Connecticut Post reports Lockheed expects to save $150 million a year from the deal through a combination of possible job cuts, facility consolidation and the elimination of overlapping procurement costs.

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