United Technologies Mulls Sikorsky Spinoff, Sale | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

 Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-NextGen-04.30.24

 Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Thu, Jun 11, 2015

United Technologies Mulls Sikorsky Spinoff, Sale

Textron, Boeing, Lockheed Martin Said To Be Interested

The board of directors of United Technology Corp. are reportedly considering their options concerning Sikorsky, with several entities showing interested in the $8 billion business.

Reuters reports that sources indicated that Textron approached UTC and made an offer for Sikorsky earlier this month. That transaction could be structured in such a way that UTC would avoid a major tax bill after it is complete.

But the company has not ruled out selling the helicopter division entirely. Both Boeing and Lockheed Martin are said to be interested in acquiring Sikorsky. But the most likely scenario is one that would allow UTC to avoid a $3 billion tax bill associated with an outright sale. That would be some kind of a deal with Textron, the report said.

Sikorsky last week announced a restructuring that included a reduction in force of 1,400 jobs over the next year.

Airbus said that the European conglomerate is watching the situation "with interest."

FMI: www.sikorsky.com, www.utc.com


Advertisement

More News

ANN's Daily Aero-Term (05.02.24): Touchdown Zone Lighting

Touchdown Zone Lighting Two rows of transverse light bars located symmetrically about the runway centerline normally at 100 foot intervals. The basic system extends 3,000 feet alon>[...]

Aero-News: Quote of the Day (05.02.24)

“Discovery and innovation are central to our mission at Virgin Galactic. We’re excited to build on our successful record of facilitating scientific experiments in subor>[...]

Aero-News: Quote of the Day (05.03.24)

"We are reaching out to you today on behalf of the Popular Rotorcraft Association because we need your help. We are dangerously close to losing a critical resource that if lost, wi>[...]

ANN's Daily Aero-Term (05.03.24): UAS Traffic Management (UTM)

UAS Traffic Management (UTM) The unmanned aircraft traffic management ecosystem that will allow multiple low altitude BVLOS operations and which is separate from, but complementary>[...]

ANN's Daily Aero-Linx (05.03.24)

Aero Linx: Society of Aviation and Flight Educators (SAFE) SAFE is a member-oriented organization of aviation educators fostering professionalism and excellence in aviation through>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Airborne Affordable Flyers 05.02.24: Bobby Bailey, SPRG Report Cards, Skydive!

Airborne 05.01.24: WACO Kitchen, FAA Reauthorization, World Skydiving Day

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC