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Thu, Oct 14, 2004

NBAA '04: Sikorsky's Acquisition of Schweizer is Complete

Sikorsky Aircraft Corporation has completed its acquisition of Schweizer Aircraft Corporation. Schweizer speciales in the light helicopter, reconnaissance aircraft, and unmanned aerial vehicle (UAV) markets.
 
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.

FMI: www.sikorsky.com

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