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Lockheed, United Tech to close Sikorsky deal by Friday
November 3, 2015 / 6:36 PM / 2 years ago

Lockheed, United Tech to close Sikorsky deal by Friday

WASHINGTON, Nov 3 (Reuters) - Lockheed Martin Corp said it expects to close its $9 billion acquisition of Sikorsky Aircraft from United Technologies Corp on Friday, now that it has received final regulatory approval from China.

“With this final regulatory approval, we are one step closer to completing this historic acquisition,” said Lockheed Chief Executive Marillyn Hewson.

United Tech told a Goldman Sachs investors’ conference earlier on Tuesday that the Chinese approval had been received, and the deal should close by the end of the week.

Lockheed announced its planned acquisition of Black Hawk helicopter maker Sikorsky in July.

Reporting by Andrea Shalal; Editing by Matthew Lewis

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