Lockheed CEO: "No regrets" About Sikorsky Buy
Chief Executive Marillyn Hewson (Photo: Lockheed Martine Corp)
Lockheed Martin Corp has "no regrets" about buying Sikorsky for $9 billion despite a drop in oil prices that has led to a bigger-than-expected decline Sikorsky's commercial helicopter sales, Chief Executive Marillyn Hewson said Tuesday.
Hewson said buying the company was "absolutely a great opportunity" and Lockheed remained confident about its long-term prospects, despite the oil-related drop in commercial sales.
She said she expected oil prices to recover over the longer term.
(Reporting by Andrea Shalal)
