Reports: US Regulators OK Lockheed’s Sikorsky Acquisition

Helicopter RadarU.S. regulators have approved Lockheed Martin‘s (NYSE: LMT) $9 billion acquisition of United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary, Reuters reported Thursday.

Andrea Shalal writes that filings with the U.S. Securities and Exchange Commission indicate that U.S. officials, as well as regulators in Japan and South Korea, have approved the acquisition deal.

Lockheed and UTC still seek regulatory approval from authorities in other countries and could close the transaction before the end of the year, the report said.

The companies announced the deal in July alongside Lockheed’s review of plans to potentially sell or spin off parts of its information systems and global solutions business.

The Justice Department consulted with the Defense Department and other federal agencies to review the proposed acquisition, Shalal reports.

Andrew Clevenger also reports on Defense News that the approval following the two-month review means that there will not be a second request for information from regulators.

Jeff Bialos, a partner at Sutherland Asbill & Brennan and former deputy undersecretary of defense for industrial policy, told Defense News that the speed of the review and approval process is “surprising.”

“That’s reasonably quick for a transaction of this size and scope, ” he said, according to the report.

“It’s somewhat surprising that a deal of this magnitude didn’t go to a full second request.”

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