Fri, Mar 16, 2007
Company Will Play Role In Development Of International Black
Hawk
On Friday, Sikorsky Aircraft Corp completed its acquisition of
aircraft maker PZL Mielec from the Polish government.
As ANN reported, following
the previously announced acquisition agreement signed in December
2006, Sikorsky acquired a 100 percent stake in the company, which
is based in the city of Mielec. The company currently has
approximately 1,500 employees.
Poland's largest fixed-wing aircraft manufacturer, PZL Mielec
was previously wholly owned by the Industrial Development Agency
(known by the Polish acronym ARP), a government holding company
under the Ministry of Treasury.
"This is a major step toward establishing the foundation for our
European operations," said Jeffrey Pino, Sikorsky's president.
"Mielec will be a key component of Sikorsky's long-range global
strategy to meet worldwide demand for its products and services.
This acquisition draws upon Poland's great aerospace heritage and
expertise and unites two pioneering aerospace companies into an
even stronger world-class aircraft manufacturer and service
provider."
With the closing of the acquisition, PZL's 1.2 million square
foot facility will undergo modernization to support International
Black Hawk helicopter production while continuing the current
capability for aircraft design, manufacture, flight test and
delivery. Modifications are slated to begin in April 2007.
In 2006, Sikorsky announced plans to develop an International
Black Hawk helicopter variant for global customers that would be
manufactured using a global supply chain.
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