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Tag Archives: United Technologies

Aerojet Rocketdyne to Consolidate 6 Business Units Into Defense, Space Organizations

aerojet-rocketdyne

Aerojet Rocketdyne (NYSE: AJRD) will combine its six business units into defense and space organizations as part of a corporate reorganization effort. The company said Monday the future senior vice presidents of Aerojet Rocketdyne Inc.‘s defense and space businesses will report directly to Eileen Drake, president and CEO of Aerojet Rocketdyne Holdings. Warren …

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UTC Subsidiary Lands Potential $64M Contract From AF for F119 Sustainment Services

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United Technologies Corp.‘s (NYSE: UTX) Pratt and Whitney business unit has secured a potential $64 million contract modification from the U.S. Air Force for F119 engine sustainment services. The Defense Department said Wednesday the Air Force Life Cycle Management Center will obligate $48 million from fiscal 2016 operations and maintenance funds. …

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April 27 Market Close: GovCon Index Boosted By Defense Prime Gains After 1Q Earnings Reports

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The GovCon Index soared 1.396 percent to 77.998 Wednesday on a series of pre-market earnings reports from several large defense prime contractors as Boeing (NYSE: BA) overcame an early morning decline to close in positive. GovCon Wire posted a summary of all six GovCon Index-related earnings figures plus that of United Technologies Corp. (NYSE: UTX) …

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UTC Subsidiary Receives $1B Navy F-35 Propulsion Contract Modification

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A United Technologies Corp. (NYSE: UTX) subsidiary has received a $1.04 billion contract modification to manufacture the ninth batch of F-35 propulsion systems for U.S. and foreign military customers. Pratt & Whitney will produce parts and components of 28 F135-PW-100 systems for the U.S. Air Force, six F135-PW-600 systems for the …

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USAF Unveils Northrop’s 7 Teammates on B-21 Bomber Aircraft Development Program

Air Force B-21

The U.S. Air Force has unveiled the names of seven companies that will partner with Northrop Grumman (NYSE: NOC) to help build a fleet of B-21 Long Range Strike Bomber planes for the military service, Defense News reported Monday. Lara Seligman writes Air Force Secretary Deborah Lee James said in a news briefing at the Pentagon …

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Weekly Roundup Nov 16 – Nov 20 2015: A Post-Paris Look at the Global Arms Trade & More

MissileLaunchStock

Weekly Roundup Nov 16 – Nov 20 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Investors made a sharp turn this week to defense and other government contracting stocks after the Friday Paris attacks in anticipation of increased activity in the global weapons market. The GovCon …

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UTC 3Q Earnings Beat Forecasts, Revenue Below Estimates as Company Unveils $12B Stock Repurchase Plan

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United Technologies Corp. (NYSE: UTX) has reported third quarter earnings of $1.61 per share, six cents higher than the Wall Street consensus estimate and down 17 cents from the prior year quarter on a strong U.S. dollar. The company also unveiled a new $12 billion share repurchase plan that includes a $6 …

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October 19 Market Close: GovCon Index Trades in Narrow Range as 3Q Earnings Season Arrives

GovConIndexUP

The GovCon Index mirrored a narrow day of trading activity in U.S. markets Monday as it closed at a nominal gain of 0.049 points to 73.293. Large defense contractors in the Index are scheduled to report their third quarter earnings this week with Lockheed Martin (NYSE: LMT) set for Tuesday morning, Boeing …

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Lockheed to Explore IT Business Separation, Inks $9B Deal for Helicopter Maker Sikorsky

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Lockheed Martin (NYSE: LMT) will examine a potential separation of its government information technology and technical services business components and has agreed to purchase helicopter manufacturing business Sikorsky Aircraft from United Technologies Corp. for approximately $9 billion. Lockheed announced both moves Monday and said its IT business segment review will look at whether to spin off or …

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Gregory Hayes: UTC to Decide on Sikorsky Spinoff or Sale Move in ‘Coming Weeks’

Gregory Hayes

United Technologies Corp. (NYSE: UTX) will leave the helicopter manufacturing business through a separation of its Sikorsky Aircraft business in a move UTC expects to complete by the end of its third quarter. “Over the coming weeks, we’ll determine whether a spinoff or direct sale is the best way to enhance Sikorsky’s long-term success …

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