Lockheed CEO Says Sikorsky Was A Good Acquisition | 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-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Thu, Mar 17, 2016

Lockheed CEO Says Sikorsky Was A Good Acquisition

Remarks Come As Sales Slump In Oil And Gas Sector

There is no buyer's remorse on the part of Lockheed Martin CEO Marillyn Hewson (pictured) when it comes to the company's acquisition of Sikorsky last year.

The company paid about $9 billion for the helicopter manufacturer just in time for a major slide in oil prices to cause helicopter sales to slump in the oil and gas sector.

But Reuters reports that at the company's annual media day, Hewson said that buying Sikorsky was "absolutely a great opportunity," and that Lockheed is bullish on the long-term prospects helicopters despite current slow sales.

Lockheed CFO Bruce Tanner said agreed that the Sikorsky would pay off for the company in the long run. He said that the company is looking at cash generation through U.S. military contracts, including the new Presidential helicopter program. He said that Lockheed bought Sikorsky not for the next three years, but "for the next three decades."

Lockheed officials said they are also optimistic that foreign sales of military helicopters would help offset losses in the civilian market.

(Image from file)

FMI: www.lockheedmartin.com

Advertisement

More News

ANN's Daily Aero-Term (07.10.25): Performance-Based Navigation (PBN) [ICAO]

Performance-Based Navigation (PBN) [ICAO] Area navigation based on performance requirements for aircraft operating along an ATS route, on an instrument approach procedure or in a d>[...]

NTSB Prelim: Cessna 172

The Airplane Came To Rest Underneath A Set Of Damaged Power Distribution Lines On The Floor Of A Coulee On June 19, 2025, at 1412 mountain daylight time, a Cessna 172K airplane, N7>[...]

ANN's Daily Aero-Linx (07.10.25)

Aero Linx: FAA Managers Association (FAAMA) Recognized by the FAA, FAAMA is a professional association dedicated to the promotion of excellence in public service. The Association i>[...]

Classic Aero-TV: The Big Business of Diminutive Powerplants

From 2023 (YouTube Edition): Jet Central Micro-Turbine Engines Impress Founded in the late-1990s, Mexico City-based Jet Central produces a unique and fascinating line of micro-turb>[...]

Airborne 07.11.25: New FAA Bos, New NASA Boss (Kinda), WB57s Over TX

Also: ANOTHER Illegal Drone, KidVenture Educational Activities, Record Launches, TSA v Shoes The Senate confirmed Bryan Bedford to become the next Administrator of the FAA, in a ne>[...]

blog comments powered by Disqus



Change Display

Headlines Only | Headlines w/ Teasers | View Everything

Advertisement

Top Videos

Airborne 07.11.25: New FAA Bos, New NASA Boss (Kinda), WB57s Over TX

Airborne-Flight Training 07.10.25: ATC School, Air Race Classic, Samson School

Airborne 07.09.25: B-17 Sentimental Journey, Airport Scandal, NORAD Intercepts

See All

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC