Lockheed Reports 2Q Results, to Acquire Sikorsky Unit


Lockheed Martin Corp, the Pentagon's largest arms supplier, reported a 4.5 percent rise in quarterly profit and said it was starting a strategic review of its government IT and technical services businesses.

Continue Reading Below

The company, which said on Monday it would buy Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp for $9 billion, said the review represents about $6 billion in expected 2015 sales and 17,000 employees.

Lockheed's net income rose to $929 million, or $2.94 per share, in the second quarter ended June 28, from $889 million, or $2.76 per share, a year earlier. (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Joyjeet Das)