IMFU
I always need something to laugh at. From AvWeek:
Furthermore, Lockheed does not expect Sikorsky to be accretive, or profitable, to its bottom line until 2017, with net proceeds eventually reaching about $150 million per year coming from the addition of the company. Tanner said Lockheed looks to integrate Sikorsky quickly, and cost savings will be found in streamlining supply chains, along with cutting some workforce and facilities.
This does not bode well for the commercial side. The whole article has more details such as LM is only coughing up $1B and assuming $6B of debt and the US taxpayers paying another $2B in tax breaks. $1B is nothing to LM as they have gotten away with charging $150M for a fighter that was suppose to cost no more than $60M and have been in service years ago. Nice business if you can get it.
The Sultan