Lockheed Martin announced that it has completed the acquisition of Sikorsky Aircraft, which will now be called Sikorsky, a Lockheed Martin company. The purchase price was $9B or $7.1B after accounting for tax benefits resulting from the transaction. Dan Schultz, who was a VP for Lockheed Martin's Ship & Aviation Systems business and led the pre-closing integration efforts, has been named president of Sikorsky.
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