The Traderszone Network

Published in TZ Latest News 10 July, 2015 by The TZ Newswire Staff

Lockheed in the lead to buy Sikorsky from United Tech: source

United Technologies last month announced it was exiting the helicopter area and would either sell Sikorsky or spin it off, following a review of strategic alternatives. Reuters reported on Wednesday that Lockheed and Textron Inc (TXT.N) had emerged as final contenders to buy Sikorsky, with a decision possible by the end of the month. United Tech could still instead seek to spin off the business, the sources said.