This is an interesting piece of news from the helicopter industry:
STRATFORD, Conn.,- Sikorsky Aircraft Corp.,
a subsidiary of United Technologies Corp.
(NYSE: UTX), today announced an agreement
to acquire Schweizer Aircraft Corp., a
privately owned U.S. company specializing
in the light helicopter, reconnaissance
aircraft, and unmanned aerial vehicle (UAV)
markets.
Full article at:
http://www.sikorsky.com/details/0,30...TI1857,00.html
Schweizer press release (Adobe Acrobat .pdf format) at:
http://www.sacusa.com/Aquisition_Press_Release.pdf
I would guess that this deal has been in the works since well before
the passing on 18 August 2004 of Paul A. Schweizer.
I am sure that they have considered closely the best interests of both
their stakeholders and their employees. And I wish them well in all
their future business endeavors. However, I am still just a bit
wistful at the thought of them becoming another division of United
Technologies.
Oh, well, such is business. I hope that Sikorky treats them well.
Thanks, and best regards to all
Bob K.