Lockheed Appoints Dan Schultz President of New Sikorsky Unit; Marillyn Hewson Comments

Dan Schultz
Dan Schultz

Dan Schultz, formerly vice president of Lockheed Martin‘s (NYSE: LMT) ship and aviation systems business, will serve as president of the company’s newly acquired Sikorsky helicopter business.

Lockheed said Friday Schultz led Sikorsky’s integration into the Lockheed mission systems and training organization as the acquisition moved toward a close last week.

“He brings a wealth of leadership experience and a deep understanding of our international customer base, ” said Marillyn Hewson, Lockheed’s chairman, president and CEO.

She cited Schultz’s work as a former helicopter pilot with the U.S. Marine Corps and head of Lockheed’s helicopter system integration business.

He has also managed the company’s Littoral Combat Ship, U.S. Coast Guard, aviation, information technology, logistics and other programs.

Lockheed finalized its $9 billion purchase of Sikorsky from United Technologies Corp. (NYSE: UTX) Friday after China’s commerce ministry gave the final required clearance for the transaction.

Sikorsky’s headquarters will remain in Stratford, Connecticut.

You may also be interested in...

Fluor

Fluor Subsidiary Gets $1.1B Modification on US Naval Nuclear Propulsion Support Contract

A subsidiary of Fluor (NYSE: FLR) will continue its support work on propulsion systems that power U.S. Navy submarines and aircraft carriers under a one-year, $1.12B contract modification. Fluor Marine Propulsion will continue services at the Naval Nuclear Laboratory through the government's 2021 fiscal year, the Department of Defense said Wednesday.

Mac Curtis Chairman and CEO Perspecta

Perspecta Announced as Military Bowl Presenting Sponsor; Mac Curtis Quoted

The Military Bowl Foundation has named Perspecta (NYSE: PRSP) as the presenting sponsor for the next three years of its college football post-season bowl game.