Citing several sources, Dana Mattioli and Ted Mann write that Airbus Group, Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) are considering making offers for the helicopter manufacturing business.
âAs previously announced, UTC is exploring strategic alternatives for Sikorsky, which could include a sale or spinoff, â John Moran, a UTC spokesperson, told WSJ.
Moran added the business review is expected to complete by midyear.
Sources told the newspaper that UTC could also spin off Sikorsky into a joint venture through a tax-free Reverse Morris Trust transaction.
Sikorsky also manufactures aircraft engines, elevators and air-conditioning units and reported $7.5 billion in sales during 2014.