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Sikorsky Sets Up European Foothold with PZL Buy, Enters Fixed-Wing Business

Related Stories: Americas - USA, Europe - Other, Field Reports, Helicopters & Rotary, Mergers & Acquisitions, Other Corporation, United Technologies

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UH-60 Blackhawk

Helicopter-maker Sikorsky Aircraft Corp. has agreed to acquire aircraft and helicopter maker PZL Mielec from the Polish government. Under the agreement Sikorsky will acquire a 100% stake in the 1,500-employee Mielec, Poland firm; a Reuters report placed the deal at 250 million zlotys (currently about $84.3 million). Polskie Zaklady Lotnicze (Polish Aviation Factory) Mielec is a government holding company and manufacturer of fixed-wing aircraft under the Ministry of Treasury’s ARP (Industrial Development Agency); the transaction is subject to regulatory approval and pre-closing conditions. Sikorsky’s parent company UTC and its subsidiaries currently employ more than 7,000 people in Poland in the aerospace and building systems industries.

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M28 Skytruck
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Janes Defense Industry observes that “The US group’s relationship with PZL was cemented in September 2006 when the Mielec site was selected as a strategic partner and assembly centre for the International Black Hawk programme… Sikorsky has previously said, however, that it will look to maintaining production of the PZL M28 Skytruck passenger, transport and surveillance aircraft at the site, improving it with new technologies and creating a stable and efficient customer support network worldwide.” Sikorsky’s release confirms: “In 2006 Sikorsky announced plans to develop an International BLACK HAWK helicopter variant for global customers that would be manufactured using a global supply chain. Upon completion of this acquisition Sikorsky plans to aggressively modernize the factory and tooling at PZL Mielec to support International BLACK HAWK production and continue the current capability for aircraft design, manufacture, flight test and delivery.” It also said that “PZL Mielec will form the foundation of Sikorsky’s European operations.”

Sikorsky is currently facing serious challenges within its American operations, following an unusual Level 3 warning/CAR from the US government concerning the UH-60 Black Hawk program.