Lockheed Martin agreed to acquire military aircraft maker Sikorsky from United Technologies Corp. for $9.0 billion and said it may separate its government information-technology and technical services businesses.

Lockheed said it would explore whether those businesses can achieve greater growth and create more value for customers and shareholders outside of the corporation.

Specifically, the company will review its information systems and global solutions business segment as well as a portion of the missiles and fire control business segment. Lockheed said those programs represent roughly $6 billion in estimated 2015 sales and include more than 17,000 employees.

Lockheed added that information systems and global solutions programs that aren't included in the strategic review are mostly focused on defense and intelligence customers and will be realigned into its four other business segments after the review.

As for the Sikorsky deal, 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. Sikorsky will become part of Lockheed's mission systems and training business segment.

Lockheed added that the transaction will have no impact on the company's previously stated dividend or stock-repurchase plans.

United Technologies, meanwhile, said it plans to use proceeds from the deal to buy back stock to offset the impact of the deal on its per-share results.

The company's board authorized the repurchase of as much as 75 million shares of its stock, replacing an earlier share-repurchase plan that was nearing completion.

United Tech Chief Executive Gregory Hayes stated Monday that "exiting the helicopter business will allow UTC to better focus on providing high-technology systems and services to the aerospace and building industries and to deliver improved and sustained value to our customers and shareowners."

Sikorsky, best known for its Black Hawk choppers, is one of the world's largest helicopter makers. It manufactures military and commercial helicopters and is the Pentagon's largest rotorcraft supplier by value.

In March, United Technologies said it would explore strategic alternatives for the business.

The planned purchase of the world's largest military helicopter maker could provide a growth engine for Lockheed, whose revenues have remained essentially flat over the past five years as Pentagon budget cuts have only been partially offset by expanding export sales.

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

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