Former Sikorsky helicopter plant in Coatesville acquired by storied aviation firm

4/7/2023

A Delaware County aviation company has purchased Chester County’s shuttered Sikorsky helicopter plant, in a deal that aims to restore Coatesville’s standing as a hub for aircraft development.

Essington-based Piasecki Aircraft Corp. purchased the 28-acre facility for $10.5 million with plans to expand its company and use it as a base for research, development and innovation. Lockheed Martin (NYSE: LMT), the parent company of Sikorsky, closed the plant in March 2022. 

Binswanger’s Mid-Atlantic team led by Chris Pennington with support from Tim Pennington and Mike Torsiello represented Sikorsky in the sale.

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