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Tag Archives: UTC

Lockheed Appoints Dan Schultz President of New Sikorsky Unit; Marillyn Hewson Comments

Dan Schultz

Dan Schultz, formerly vice president of Lockheed Martin‘s (NYSE: LMT) ship and aviation systems business, will serve as president of the company’s newly acquired Sikorsky helicopter business. Lockheed said Friday Schultz led Sikorsky’s integration into the Lockheed mission systems and training organization as the acquisition moved toward a close last week. “He …

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Lockheed Says Sikorsky Buy to Close Friday After China Clears Deal, All Regulatory Approvals Complete

lockheed martin

China’s commerce ministry has cleared Lockheed Martin‘s (NYSE: LMT) estimated $9 billion purchase of the helicopter manufacturer Sikorsky Aircraft to mark the final regulatory approval required for the deal. Lockheed announced the review’s completion Tuesday and said it expects the transaction to close Nov. 6. The company needed approval from eight …

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October 20 Market Close: GovCon Index Neutral as Lockheed, UTC Kick Off 3Q Defense Earnings Season


The GovCon Index continued to reflect a narrow range of trading activity across U.S. stock markets Tuesday with a nominal decline of 0.052 points to 73.241 as Lockheed Martin (NYSE: LMT) and United Technologies Corp. started the first full week of third quarter earnings season for many Index and other defense-GovCon companies. …

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Lockheed 3Q Earnings, Revenue Top Forecasts; Marillyn Hewson Updates IS&GS Review and Sikorsky Buy

lockheed martin

Lockheed Martin (NYSE: LMT) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.77 per share, five cents higher than the consensus Wall Street estimate and one cent above EPS figures reported for the prior year period. Profit declined 2.6 percent …

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


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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Sikorsky Lands $191M Navy Contract for Chopper Assembly Repairs


Sikorsky Aircraft will provide repair coverage for six CH-53 and MH-53 weapons replaceable assemblies under a $191.5 million firm-fixed-price, sole-source contract from the U.S. Navy. The Defense Department said Friday the company will perform work in Connecticut through December 2017. The Naval Supply Systems Command‘s weapon systems support division is the contracting activity, DoD added. …

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Reports: US Regulators OK Lockheed’s Sikorsky Acquisition

Helicopter Radar

U.S. regulators have approved Lockheed Martin‘s (NYSE: LMT) $9 billion acquisition of United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary, Reuters reported Thursday. Andrea Shalal writes that filings with the U.S. Securities and Exchange Commission indicate that U.S. officials, as well as regulators in Japan and South Korea, have approved the acquisition deal. …

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


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


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


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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