Sikorsky Aircraft sold for $8 billion

Lockheed Martin, American global aerospace, defense, security company will purchase from United Technologies (UTC) Sikorsky Aircraft for $8 billion, Bloomberg reported. Thus the ownership of Polish PZL Mielec production plant will also change. The reports said previously that, as a consequence of the sale 1,400 people will be dismissed, including 500 workers at the Mielec production plant. In total, Sikorsky consists of four production plants and employs 15,000 people. As many as 500 workers could lose their jobs at the Mielec factory. The upcoming weeks will show if Sikorsky is to be sold or separated from UTC structures, the daily informed. Rzeczpospolita daily suggested that the decision is the outcome of choosing Airbus Helicopters' offer over Sikorsky Aircraft in tender for Polish Army. While, the loss of the Polish contract was important, the company experienced a slowdown on the helicopter market due to low oil prices. The transaction means for UTC withdrawing from helicopter business and focusing on the other arms.