Lockheed CEO: 'No Regrets' About Sikorsky Buy Despite Oil Price Drop

DefenseReuters

Lockheed Martin Corp (NYSE:LMT) has "no regrets" about buying Sikorsky for $9 billion despite a drop in oil prices that has led to a bigger-than-expected decline Sikorsky's commercial helicopter sales, Chief Executive Marillyn Hewson said Tuesday.

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Hewson said buying the company was "absolutely a great opportunity" and Lockheed remained confident about its long-term prospects, despite the oil-related drop in commercial sales.

She said she expected oil prices to recover over the longer term.

(Reporting by Andrea Shalal)