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Tag Archives: UTC

3 Firms Awarded DHS R&D Work on Authentication Tech for Mobile

mobile-security

TYSONS CORNER, VA August 17, 2015 — The Department of Homeland Security has awarded HRL Laboratories, Northrop Grumman and United Technologies Research Center contracts worth nearly $5 million to research and develop a secure authentication tool for mobile devices, ExecutiveBiz reported Friday. FedScoop said the DHS Science and Technology directorate ...

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NASA Taps 13 Companies for Aerospace Research at Glenn Center

research-and-development-RD

NASA has selected 13 companies to support aerospace research and provide propulsion and communications systems to the Glenn Research Center in Ohio under five-year contracts with a maximum value of $190 million. The space agency said Wednesday awardees will work to develop, verify and demonstrate communications, propulsion, structures and materials technology for space ...

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July 20 Market Close: GovCon Index, US Stocks Slightly Up as Investors Digest Earnings

GovConIndexUP

The GovCon Index closed in neutral territory Monday with a nominal gain of 0.040 points to 77.143. Lockheed Martin‘s (NYSE: LMT) stock price jumped nearly 2 percent after the company said it would examine a separation of its information technology and technical services business and its agreement to purchase helicopter manufacturer Sikorsky Aircraft from United ...

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Lockheed Reports 2% Sales Bump for 2Q, Profit Up 4%

lockheed martin

Lockheed Martin (NYSE: LMT) has reported a 2.6 percent year-over-year increase in revenue to $11.6 billion for its fiscal year 2015 second quarter, which ended June 28, and a 4.5-percent increase in profit to $929 million for that same time frame. Sales in the company’s aeronautics, missiles and fire control, and mission systems and training segments ...

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Wall Street Journal: UTC, Lockheed in Advanced Talks for Potential $8B Deal on Sikorsky

acquisition

United Technologies Corp. (NYSE: UTX) and Lockheed Martin (NYSE: LMT) are nearing a potential deal for the sale of UTC’s Sikorsky Aircraft business to Lockheed for at least $8 billion, the Wall Street Journal reported Friday. Dana Mattioli, Ted Mann and Doug Cameron write that the proposed acquisition would be ...

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Reuters: Lockheed, Textron Final Bidders for UTC’s Sikorsky Helicopter Arm

Helicopter Radar

United Technologies (NYSE: UTX) is mulling offers from Lockheed Martin (NYSE: LMT) and Textron (NYSE: TXT) to purchase UTC’s Sikorsky Aircraft subsidiary, Reuters reported Wednesday. Andrea Shalal and Mike Stone write UTC may reach a decision on the offers by the end of the month or could decide instead on a tax-free spinoff ...

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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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Reuters: Textron Interested in Merger With Sikorsky

CH53KChopper

United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary received a merger offer from Textron (NYSE: TXT) earlier this month, Reuters reported Tuesday. Reuters cites unnamed sources that say UTC is in the process of examining whether to spin off Sikorsky or merge the business with Textron through a tax-free transaction. ...

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Robert Leduc to Succeed Mick Maurer as President of UTC’s Sikorsky Biz; Gregory Hayes Comments

UTClogo

Robert Leduc, a 35-year veteran at United Technologies (NYSE: UTX), has been named president of UTC’s Sikorsky Aircraft subsidiary. He will succeed Mick Maurer, who has been appointed as UTC senior vice president of strategic projects, the company said Thursday. Both Leduc and Maurer will report to Gregory Hayes, UTC president ...

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David Gitlin Named UTC Subsidiary’s Aircraft Systems President; Alain Bellemare Comments

UTClogo

David Gitlin, a 17-year veteran of United Technologies Corp. (NYSE: UTX), has been promoted to president of the aircraft systems business unit within UTC Aerospace Systems, a subsidiary of UTC. Gitlin previously served senior vice president of aircraft systems since UTC Aerospace Systems first launched in 2012, UTC said Thursday. ...

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