By Tess Stynes

Lockheed Martin agreed to acquire military aircraft maker Sikorsky from United Technologies Corp. for $9.0 billion.

Lockheed said in a news release Monday that the price goes down to about $7.1 billion, after taking into account tax benefits resulting from the transaction.

The companies expect the acquisition to close by later this year or early 2016 fourth quarter 2015. Lockheed added that the transaction will have no impact on the company's previously stated dividend or stock-repurchase plans.

Write to Tess Stynes at tess.stynes@wsj.com

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