Lockheed Martin wants Pentagon to help pay its costs to absorb Sikorsky

Lockheed Martin is asking the Pentagon for $212 million toward restructuring costs for its $9 billion acquisition of Sikorsky Aircraft, saying the purchase will save taxpayers $8 in efficiencies for every $1 spent, as a defense agency questions whether the deal is eligible.

Defense Department agencies are auditing the claim, which would be applied to contracts with Lockheed’s Rotary and Mission Systems unit over the next five years. Lockheed, the biggest U.S. government contractor, acquired helicopter maker Sikorsky from United Technologies Corp. in 2015.

“It’s not a deal per se, but it is the first merger-related issue the new administration has to address,” said Byron Callan, a defense business analyst for Capital Alpha Partners.

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