MILPLEX
Sikorsky's Acquisition of Schweizer is Complete
Stratford CT (SPX) Sep 28, 2004
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.

Sikorsky Aircraft