Gregory Hayes Appointed UTC President, CEO

Gregory Hayes
Gregory Hayes Gregory Hayes, formerly senior vice president and chief financial officer at United Technologies Corp. (NYSE: UTX), has been appointed president and CEO of the aerospace technology conglomerate. UTC said Monday the appointment is effective immediately as Chairman and CEO Louis Chenevert has retired. Hayes held the SVP and CFO roles for six years in addition to his responsibility...

India Plans $2.5B Purchase of Boeing Chinook, Apache Helicopters

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India has approved a deal to purchase Boeing-built (NYSE: BA) Chinook and Apache helicopters for approximately \$2.5 billion, Reuters reported Saturday. Nigam Prusty writes the purchase is part of Prime Minister Narendra Modi’s plan to bolster the nation’s military posture. The government also agreed on a proposal by the Indian navy to buy 16 multi-role helicopters under a deal in which United...

Sikorsky-Boeing Team to Develop Helicopter for US Army Demo Program; Mick Maurer Comments

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Mick Maurer Sikorsky Aircraft Corp. and Boeing (NYSE: BA) will jointly develop a helicopter for the first phase of the U.S. Army’s joint multi-role technology demonstrator program. The Sikorsky-Boeing team will continue its work to build the SB>1 Defiant medium-lift helicopter and configure it to Sikorsky’s X2 coaxial design, Sikorsky said Tuesday. Both companies have schedule flight testing...

Boeing-Sikorsky Team to Develop ‘Digital Backbone’ for Army Tech Demo Program; Samir Mehta Comments

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Boeing (NYSE: BA) and a subsidiary of United Technologies (NYSE: UTX) have signed a technology investment agreement with the U.S. Army‘s Aviation Applied Technology Directorate to provide support for the Joint Multi-Role Technology Demonstrator program. The Boeing-Sikorsky Aircraft team will help to develop the Joint Common Architecture standard for the Army’s JMR TD program as...

Lockheed Expecting New USAF Contract for F-35 Jets; Orlando Carvalho Comments

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Lockheed Martin (NYSE: LMT) is set to secure a deal to provide the U.S. government with 43 additional F-35 fighter aircraft, but with less price reductions compared to previous orders, Reuters reported Monday. Andrea Shalal reports a U.S. Air Force contract with Lockheed is expected before the end of June, according to Orlando Carvalho, the company’s aeronautics division executive vice president. Carvalho...

Vivek Saxena to Lead ICF Aerospace Supply Chain Work in VP Role; Sergio Ostria Comments

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Vivek Saxena, a former general manager at Pratt & Whitney, has joined ICF International (NASDAQ: ICFI) as a vice president for the consulting company’s SH&E business segment. The 20-year aerospace industry veteran will lead ICF’s work in the operations and supply chain fields for aviation and aerospace clients, the company said Monday. Sergio Ostria, an executive VP at ICF, said...

Chris Hughes: BAE Wins $34M for the Navy’s Guided Projectile Project

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BAE Systems will work to develop and demonstrate a modular hypervelocity projectile under a $33.6 million contract awarded by the Office of Naval Research. The guided weapon will be designed to work with the Navy’s 127-inch and 155-mm gun systems and an electromagnetic railgun, BAE said Thursday. Chris Hughes, vice president and general manager of weapon systems at BAE, said the company will apply...

UTC Subsidiary Wins $65M For F-35 Propulsion System Maintenance

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A United Technologies Corp. (NYSE: UTX) subsidiary has won a $64,999,589 contract modification to continue maintenance work on a propulsion system for the F-35 fighter jet. This modification covers a previously-awarded advance acquisition contract for lot six of low rate initial production, the U.S. Defense Department said Thursday. Purchasing details of the contract include: Marine Corps: 69 percent,...

Air Force One To Be Upgraded By Early Next Decade, Pentagon says

The Pentagon launched a new program on August 10 for the development and acquisition of replacement presidential aircraft scheduled to be operational early next decade, reports Tony Capaccio for Bloomberg. Undersecretary of Defense for Acquisition Frank Kendall ordered the Air Force to assemble an office for the replacement project which involves new designs for Air Force One and Marine One helicopters. The...

UTC Closes $18.4B Goodrich Buy, Forms New Aerospace Unit; Louis Chenevert Comments

United Technologies Corp. (NYSE: UTX) has completed its acquisition of Charlotte-based aerospace manufacturer Goodrich Corp., UTC announced Thursday. According to the Washington Business Journal, UTC will divest assets from its aircraft engine manufacturing business as part of an agreement with the government for the $18.4 billion transaction. The Hartford, Conn.-based company will also sell Goodrich’s...