Sikorsky's Acquisition of Schweizer is Complete
September 27, 2004
STRATFORD, Connecticut -- Sikorsky Aircraft Corporation today announced that the acquisition of Schweizer Aircraft Corporation is complete.
Schweizer, based in Elmira, N.Y, is a U.S. company specializing in the light helicopter, reconnaissance aircraft, and unmanned aerial vehicle (UAV) markets. Effective immediately, Schweizer will operate as a wholly owned subsidiary of Sikorsky. The terms of the acquisition were not disclosed.
The purchase of Schweizer strengthens Sikorsky's capabilities in the Unmanned Aerial Vehicle (UAV) market, a key component in the Pentagon's System-of-Systems concept, which integrates surveillance, information, battle management and precision strike systems. It also broadens Sikorsky's portfolio to include light rotorcraft and fixed-wing reconnaissance product lines.
Sikorsky Aircraft Corporation, based in Stratford, Conn., is a world leader in the design, manufacture and service of advanced helicopters for commercial, industrial and military uses. Its helicopters occupy a prominent position in the intermediate to heavy weight range.
Sikorsky is a subsidiary of United Technologies Corporation (NYSE: UTX), of Hartford, Conn., which provides a broad range of high-technology products and support services to the aerospace and building systems industries.
|
NEWSLETTER
|
| Join the GlobalSecurity.org mailing list |
|
|
|
