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Tag Archives: UTC

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

Aerojet Rocketdyne Holdings’ (NYSE: AJRD) subsidiary 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 …

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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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Former CENTCOM Commander Lloyd Austin Joins UTC Board of Directors; Gregory Hayes Comments

Lloyd Austin

Lloyd Austin, former U.S. Central Command commander, has been elected to join United Technologies Corp.‘s (NYSE: UTX) board of directors. UTC said Wednesday the retired U.S. Army general will join the company on Sept. 1 and become one of 14 board members. Austin served in the Army for over 41 years and held various command …

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

UTClogo

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

GovConIndexUP

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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GovCon Index Defense & Services Primes Report Mixed 1Q Earnings; Boeing Misses

Money

Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one for the second …

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

UTClogo

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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State Dept Clears $2B Sale of F-16 Weapons, Logistics Services to Iraq

F16Fleet

The State Department has approved Iraq’s request to buy munitions, weapons, related equipment and logistics support services for F-16 fighter jets from the U.S. government under a potential $1.95 billion foreign military sales agreement. The Defense Security Cooperation Agency said Wednesday that Iraq will use the weapons systems and logistics services to support …

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Pratt & Whitney, DoD Agree on Lot 9 & 10 F-35 Propulsion Engine Production

F35

A United Technologies Corp. (NYSE: UTX) subsidiary has reached an agreement with the Defense Department to produce lots 9 and 10 of F135 engines for the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II aircraft. Pratt & Whitney will build 167 F135 low-rate initial production propulsion engines for the three F-35 variants and provide …

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