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

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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. Alain Bellemare, UTC president and CEO of propulsion and aerospace systems,...

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,...

AF Awards $684M Engine Tech Program IDIQ to GE, UTC

Air Force photo The U.S. Air Force has awarded positions on a a potential $684 million engine technology development contract to General Electric-Aviation (NYSE: GE) and United Technologies (NYSE: UTX). GE Aviation won $349,747,900 and UTC won $335,048,342 in funding, according to a Defense Department release. This potential four-year indefinite-delivery/indefinite-quantity task order contract covers...

Former UTC CFO James Geisler Joins DynCorp Board; Steve Gaffney Comments

James Geisler James Geisler, a former chief financial officer at United Technologies, has joined DynCorp International’s board of directors, DynCorp announced Monday. Steve Gaffney Geisler served as UTC’s CFO for four years, where he oversaw the company’s treasury, investor relations and financial planning functions as CFO. DynCorp Chairman and CEO Steve Gaffney said in a release Geisler...

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...

Harris Names Gregory Taylor Business Development Lead; Bill Brown Comments

Gregory Taylor Harris Corp. (NYSE: HRS) has appointed 23-year industry veteran Gregory Taylor vice president of corporate strategy and business development, a newly-created position. The company said he will report directly to Harris President and CEO Bill Brown and lead business development activities including mergers, acquisitions and divestitures. Taylor “will play a key role in establishing...

UTC’s Chenevert to Speak at Barclays Conference

A webcast of United Technologies Corp. (NYSE: UTX) Chairman & Chief Executive Officer Louis R. Chênevert speaking at the Barclays Capital Industrial Select Conference is scheduled for 10:40 a.m. ET on Wednesday, Feb. 17, 2010. The presentation will be broadcast live on the Internet at www.utc.com and will be archived on the Web site afterward. United Technologies, based in Hartford, Conn., is...

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