U.S. Investment in Poland: Sikorsky Aircraft Acquires PZL Mielec
12 January 2007
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Sikorsky Aircraft Corporation's president Jeffrey Pino visited Warsaw
January 10 to conduct a major public event and press conference marking
the completion of the U.S. firm’s acquisition of 100% of PZL Mielec, a
leading Polish aviation company. Ambassador Victor Ashe was on hand
together with the embassy’s foreign commercial service and economic
staff to express congratulations on this significant accomplishment.
Terming the business venture “a “win-win” deal for the U.S. and Polish
governments and aviation industries, Ambassador Ashe said: “The deal
will strengthen both our commercial and defense cooperation, extending
Sikorsky’s reach into the dynamic Polish market and beyond, while
providing high-quality jobs, advanced technology and management skills
to Polish industry." The Sikorsky/Mielec production site will
manufacture the International Black Hawk helicopter and will become a
significant part of the U.S. firm's global supply chain.
