WASHINGTON (Reuters) – In a surprise move, the U.S. Navy has chosen a trans-Atlantic team led by Lockheed Martin Corp. (LMT.N: Quote, Profile, Research) to build a new U.S. presidential helicopter fleet, a congressional source familiar with the decision said on Friday.
The decision was a stunning setback for Connecticut-based United Technologies Corp.’s (UTX.N: Quote, Profile, Research) Sikorsky Aircraft unit — which for nearly 50 years has built and maintained the green and white “Marine One” helicopters that fly the president.
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=7471490&src=rss/businessNews
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January 28, 2005 at 9:59 pm