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How Lockheed saved big on its Sikorsky purchase

2015-07-21 01:24:14| Industrial Machines - Topix.net

Lockheed Martin Corp. is saving big with its acquisition of Sikorsky Aircraft Corp. - $1.9 billion in tax benefits, in fact. The Bethesda-based Lockheed is set to purchase Sikorsky for $9 billion in cash from Connecticut-based United Technologies Corporation , though the price is reduced to $7.1 billion because of tax benefits from the transaction, according to a Lockheed press release.

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