Sikorsky buys PZL...
			 
			 
			
		
		
		
		
Now isn't Sikorsky owned by United Technologies?  Which bought 
Schwiezer?  Hmmm... 
 
From Reuters: 
 
Sikorsky Acquires Polish Aircraft Maker 
Reuters News    01/10/2007 
 
US helicopter maker Sikorsky said on Wednesday it has acquired 
state-owned Polish aircraft maker PZL Mielec in a deal worth more than 
PLN250 
million zlotys (USD$83.3 million). 
 
The deal includes the purchase of 100 percent of the company, a five 
year investment plan and is debt-free, Sikorsky said. PZL Mielec is 
Poland's biggest aircraft maker, with a work force of 1,500. 
 
Sikorsky, a unit of United Technologies, said earlier this month it had 
 
an agreement in principle to acquire Poland's largest aircraft maker. 
But it gave no details. The company will produce a version of the Black 
 
Hawk helicopter, the International Black Hawk, in Poland. 
 
"Upon completing the acquisition, Sikorsky plans to modernize the 
factory aggressively at PZL Mielec to support International Black Hawk 
production," the company said in a statement. 
 
International Black Hawk cabins will be made in Poland starting in 
2008, Sikorsky President Jeffrey Pino told a news conference in Warsaw. 
 
He said the factory would begin producing entire International Black 
Hawk helicopters sometime in the next four years. 
 
In July 2006, Sikorsky announced plans to develop an International 
Black Hawk helicopter which is a variant for global customers that 
would be 
built with a global supply chain and delivered from outside the United 
States. 
 
United Technologies employs more than 7,000 people in aerospace and 
construction in Poland, where a number of aerospace companies have 
invested to take advantage of low costs of production and design 
engineers. 
 
An official at the treasury ministry said it would take two more months 
 
to complete due diligence before the deal can go through. 
 
 
		
	
		
		
		
		
		
	
		 
			
 
			
			
			
				 
            
			
			
            
            
                
			
			
		 
		
	
	
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