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Tag Archives: UTC

October 25 Market Close: GovCon Index Ends 2-Week Stay Below 80; Lockheed Posts Best Day in 7 Years on Upbeat Guidance


Executive Mosaic’s GovCon Index closed above 80 points Tuesday for the first time in two weeks despite declines in the larger U.S. stock market after Lockheed Martin (NYSE: LMT) posted its best one-day advance in seven years surged on upbeat financial outlooks for this year and 2017 to lead all GCI gainers. GovCon Index …

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UTC Vet Paul Lundstrom to Join Aerojet Rocketdyne as CFO, Finance VP; Eileen Drake Comments

Paul Lundstrom

Paul Lundstrom, formerly vice president of investor relations at United Technologies Corp. (NYSE: UTX), has been appointed chief financial officer and vice president of finance at Aerojet Rocketdyne (NYSE: AJRD). Lundstrom will succeed the departing CFO Kathy Redd on Nov. 7 and will report directly to President and CEO Eileen Drake …

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General Dynamics, Universal Technology to Support Air Force Manufacturing, Industrial Tech R&D Program

manufacturing, engineering gears

General Dynamics‘ (NYSE: GD) information technology business and Universal Technology have won positions on a potential eight-year, $46.6 million contract to help the U.S. Air Force  research and develop manufacturing technology. The Defense Department said Wednesday the two companies will provide R&D services for the Manufacturing and Industrial Technologies program that aims to …

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Pratt & Whitney Lands Navy Contract Modification for F-35 Support Equipment, Depot Activation Services


United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a three-year, $151.7 contract modification from the U.S. Navy to provide a range of F-35 Lightning II aircraft supplies and services. The Defense Department said Wednesday the modification covers initial spare modules, engine system trainers, support equipment and depot activation services and supplies …

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Christopher Cambria Named Mercury Systems SVP, General Counsel & Secretary

Mercury Systems

Christopher Cambria, formerly vice president, general counsel and secretary of Aerojet Rocketdyne Holdings (NYSE: AJRD), has joined Mercury Systems (Nasdaq: MRCY) as senior VP, general counsel and secretary at the Massachusetts-based processing subsystems producer. He will report directly to President and CEO Mark Aslett and oversee all legal and regulatory aspects of Mercury’s corporate …

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Navy Awards Lockheed, Pratt & Whitney Lot 10 F-35 Equipment, F135 Propulsion System Contracts


Lockheed Martin (NYSE: LMT) and United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary have received contracts from the U.S. Navy for lot 10 low-rate initial production of F-35 Lightning II aircraft and its F135 propulsion system. Pratt & Whitney secured a potential three-year, $1.5 billion contract modification to provide parts and components for …

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GE, UTC Awarded Air Force Adaptive Engine Design, Testing Support Contracts


A General Electric (NYSE: GE) subsidiary and United Technologies Corp. (NYSE: UTX) have each received a potential five-year, $1 billion contract to provide design, fabrication, testing and integration support services for the U.S. Air Force’s turbofan adaptive engines. The service branch awarded the sole-source contracts with priced options to GE Aviation and UTC …

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Darius Adamczyk Named Successor of Honeywell CEO Dave Cote

Darius Adamczyk

Darius Adamczyk, president and chief operating officer at Honeywell (NYSE: HON), will serve as the technology and manufacturing company’s CEO, effective March 31, 2017. Adamczyk will succeed Dave Cote, who will continue to serve as Honeywell’s executive chairman through April 2018 and then commence a five-year noncompete and consulting agreement with …

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


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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Vince Campisi Joins UTC as CIO, Senior VP for Digital Services

Vince Campisi

Vince Campisi, previous GE Digital chief operating officer, has been appointed as United Technologies Corp.‘s (NYSE: UTX) chief information officer and senior vice president for digital services effective Monday. He will work to implement UTC’s digital strategies as well as drive the strategic direction of its global information technology operations in his new role, UTC …

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