The Traderszone Network

Published in TZ Latest News 20 January, 2016 by The TZ Newswire Staff

Lockheed releases stand-alone financial data for Sikorsky

Lockheed Martin Corp (LMT.N) released data on Wednesday for Sikorsky Aircraft that showed the company it acquired from United Technologies Corp (UTX.N) for $9 billion in November generated a net profit in the first three quarters of 2015. Lockheed told the U.S. Securities and Exchange Commission in an amended filing that if Sikorsky had been a stand-alone company, it would have posted a net profit of $52 million in the first nine months of 2015 despite a 19 percent drop in revenues to $4.35 billion.

read more