The Traderszone Network

Published in TZ Latest News 2 October, 2015 by The TZ Newswire Staff

Exclusive: Lockheed Martin mulls merger of some services units with peer – sources

The contemplated transaction would create the largest government services contractor in the United States and would generate an estimated $2 billion windfall for Lockheed, the people said. Lockheed, the Pentagon’s largest supplier, is looking to pay down debt following its agreement in July to acquire Sikorsky Aircraft, the helicopter unit of United Technologies Corp (UTX.N), for $9 billion in cash.

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