Will Form Basis For Sikorsky's European Operations
Big news regarding a storied
Eastern European aircraft company... as Sikorsky Aircraft told ANN
this week the company has agreed to acquire aircraft maker PZL
Mielec from the Polish government. The American helicopter
manufacturer says PZL Mielec will form the foundation of Sikorsky's
Sikorsky and the Polish government announced the contract during
a ceremony in Warsaw Wednesday.
"Sikorsky has taken a major step toward becoming a leading
member of the European aerospace community," said Sikorsky
president Jeffrey Pino, Sikorsky's president. "This acquisition
brings together two pioneering aerospace companies. Together, we
will build on each others' strengths to create a world class
aircraft manufacturer and service provider drawing upon Poland's
great aerospace heritage and expertise."
Under the agreement Sikorsky will acquire a 100 percent stake in
the company, which is based in the city of Mielec. The transaction
is subject to regulatory approval and pre-closing conditions.
PZL Mielec is Poland's largest fixed wing aircraft manufacturer
with approximately 1,500 employees. The company is wholly owned by
the Industrial Development Agency (known by the Polish acronym
ARP), which is a government holding company under the Ministry of
"This investment establishes PZL Mielec as a key component of
Sikorsky's long-range global strategy to meet worldwide demand for
its products and services," Pino said.
In 2006, Sikorsky announced plans to develop an International
Black Hawk helicopter variant for global customers that would be
manufactured using a global supply chain.
Upon completion of this acquisition Sikorsky plans to
aggressively modernize the factory and tooling at PZL Mielec to
support International Black Hawk production and continue the
current capability for aircraft design, manufacture, flight test
Through its subsidiaries, Sikorsky parent company UTC currently
employs over 7,000 people in Poland, in the aerospace and building