Who Owns Sikorsky Aircraft?
Sikorsky Aircraft is a leading manufacturer of helicopters, with a rich history dating back to 1923. The company has been a major player in the aerospace industry for nearly a century, producing a wide range of helicopters for both military and civilian use. But who owns Sikorsky Aircraft? In this article, we’ll delve into the history of the company and explore the current ownership structure.
History of Sikorsky Aircraft
Sikorsky Aircraft was founded in 1923 by Igor Sikorsky, a Russian-born inventor and engineer. Sikorsky had previously worked on aircraft design and manufacturing in Russia, but he immigrated to the United States in the early 1920s and established his own company in Stratford, Connecticut. The company’s first product was the S-6, a biplane that was designed and built by Sikorsky himself.
Over the years, Sikorsky Aircraft continued to grow and expand its product line, introducing new helicopters and aircraft designs. In the 1940s, the company began producing helicopters for the US military, including the R-4, which was the first mass-produced helicopter in the world. The company continued to innovate and expand its product line, introducing new helicopters such as the UH-60 Black Hawk and the SH-60 Seahawk.
Ownership Structure
So, who owns Sikorsky Aircraft? The company has undergone several changes in ownership over the years. Here is a brief overview of the current ownership structure:
- United Technologies Corporation (UTC): In 1929, Sikorsky Aircraft was acquired by United Aircraft and Transport Corporation, a predecessor to United Technologies Corporation (UTC). UTC is a multinational conglomerate with a diverse range of businesses, including aerospace, commercial buildings, and industrial equipment.
- United Technologies Corporation (UTC) spin-off: In 2018, UTC announced plans to spin off its aerospace businesses, including Sikorsky Aircraft, into a new company called United Technologies Aerospace Systems (UTAS). The spin-off was completed in January 2020, and UTAS was renamed Lockheed Martin Corporation.
- Lockheed Martin Corporation: Today, Sikorsky Aircraft is a subsidiary of Lockheed Martin Corporation, a leading defense contractor and aerospace company. Lockheed Martin is headquartered in Bethesda, Maryland, and has a diverse range of businesses, including military aircraft, space systems, and cybersecurity solutions.
Key Points
Here are some key points to highlight:
- United Technologies Corporation (UTC): UTC has been the parent company of Sikorsky Aircraft for nearly 90 years, since 1929.
- Spin-off: In 2018, UTC announced plans to spin off its aerospace businesses, including Sikorsky Aircraft, into a new company called United Technologies Aerospace Systems (UTAS).
- Lockheed Martin Corporation: In 2020, UTAS was renamed Lockheed Martin Corporation, and Sikorsky Aircraft became a subsidiary of the company.
Financial Information
Here is some financial information about Sikorsky Aircraft:
| Year | Revenue (USD millions) | Net Income (USD millions) |
|---|---|---|
| 2018 | 4,344 | 444 |
| 2019 | 4,563 | 501 |
| 2020 | 4,833 | 543 |
Product Line
Sikorsky Aircraft produces a wide range of helicopters, including:
- UH-60 Black Hawk: A multi-mission helicopter used by the US military for transport, medical evacuation, and other missions.
- SH-60 Seahawk: A naval helicopter used by the US Navy for anti-submarine warfare, search and rescue, and other missions.
- S-92: A civilian helicopter used for offshore oil and gas operations, search and rescue, and other missions.
- S-76: A civilian helicopter used for executive transport, medical evacuation, and other missions.
Conclusion
In conclusion, Sikorsky Aircraft is a leading manufacturer of helicopters, with a rich history dating back to 1923. The company has undergone several changes in ownership over the years, with United Technologies Corporation (UTC) and Lockheed Martin Corporation being the current and previous parent companies. Today, Sikorsky Aircraft is a subsidiary of Lockheed Martin Corporation, and continues to produce a wide range of helicopters for both military and civilian use.
