Lockheed Martin has made a move that will help cement its place in military aviation.
The company will acquire Sikorsky helicopters from United Technologies for an estimated $9 billion.
According to CNN Money:
United Technologies (UTX) put Sikorsky on the shopping block last month. Lockheed Martin (LMT) was reported to be one of the potential suitors.
Sikorsky has been making helicopters for the White House since 1958. It won a $1.24 billion contract last year from the U.S. Navy to build six new helicopters by 2020 and will eventually make a total of 21 helicopters by 2023 to replace the current Marine One fleet.
The Black Hawk is probably most famous for its use by United States forces in Somalia in 1993.