M&A Deal Summary

Lockheed Martin Acquires Sikorsky Aircraft

On July 20, 2015, Lockheed Martin acquired aerospace company Sikorsky Aircraft from Raytheon Technologies for 9.0B USD

Acquisition Highlights
  • This is Lockheed Martin’s 5th transaction in the Aerospace sector.
  • This is Lockheed Martin’s 2nd largest (disclosed) transaction.
  • This is Lockheed Martin’s 17th transaction in the United States.
  • This is Lockheed Martin’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2015-07-20
Target Sikorsky Aircraft
Sector Aerospace
Buyer(s) Lockheed Martin
Sellers(s) Raytheon Technologies
Deal Type Divestiture
Deal Value 9.0B USD

Target

Sikorsky Aircraft

Stratford, Connecticut, United States
website
Sikorsky facility in Bridgeport, Connecticut.
Sikorsky facility in Bridgeport, Connecticut.
Sikorsky Aircraft Corp. is a designer, manufacturer, and servicer of military and commercial helicopters. Sikorsky was formed in 1925 and is based in Stratford, Connecticut.

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Buyer(S) 1

Buyer

Lockheed Martin

Bethesda, Maryland, United States

website


Category Company
Founded 1912
Sector Aerospace
Employees116,000
Revenue 66.0B USD (2022)
DESCRIPTION
Entrance to Lockheed Martin's corporate campus in Bethesda, Maryland.
Entrance to Lockheed Martin's corporate campus in Bethesda, Maryland.

Lockheed Martin is an aerospace and defense company that engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products worldwide. Lockheed Martin was established in 1912 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 26 of 28
Sector (Aerospace) 5 of 5
Type (Divestiture) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 17 of 19
Year (2015) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 Systems Made Simple

Syracuse, New York, United States

Systems Made Simple is a provider of health information technology consulting services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 Lockheed Martin - Information Systems & Global Solutions Business

United States

Lockheed Martin - Information Systems & Global Solutions Business (IS&GS) is a provider of IT services.

Sell $5.0B

Seller(S) 1

SELLER

Raytheon Technologies

Waltham, Connecticut, United States

website


Category Company
Sector Diversified
Employees181,000
Revenue 56.6B USD (2020)
DESCRIPTION

Raytheon Technologies is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries.


DEAL STATS #
Overall 11 of 18
Sector (Aerospace) 3 of 4
Type (Divestiture) 11 of 16
State (Connecticut) 2 of 6
Country (United States) 9 of 16
Year (2015) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 Precision Engine Controls

San Diego, California, United States

Precision Engine Controls Corp. is a designer and manufacturer of industrial and marine engine controls and services.

Sell $44M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-04 Rockwell Collins

Cedar Rapids, Iowa, United States

Rockwell Collins is a developer and deployment of innovative communication and aviation electronic solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications, information management, and simulation and training is delivered by a global workforce, and a service and support network that crosses 27 countries. Rockwell Collins was founded in 1933 and is based in Cedar Rapids, lowa.

Buy $30.0B