So all the much ballyhooed convergence/leverage/integration payoffs when the purchased them 5-10 years ago didn’t come to pay off afterall. Curious if it was the culture or the technology that didn’t quite work out. I’m guessing the former.
Wonder what they’re stripping out of the package to keep for themselves long term.
I’ve seen that happen with several aerospace companies. previous competitors merge, and then try to unify the culture. Often, it does not work, and eventually, the result is this.
United Technologies has owned Sikorky since the 1930’s.
One big problem with Sikorsky is that almost all of their helicopters use UTC’s competitors engines.