In 2014, Sikorsky had some $7.5 billion in sales, but operating profits were down.
The cash transaction with Lockheed is expected to close no later than the
first quarter of 2016.
UTC will use the sale to repurchase some of its own shares as an indirect way to reward the company’s shareholders.
UTC head Gregory Hayes said in a statement the sale will make sure the company remains a technology leader.
