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Tag Archives: UTC

Jerry Tarnacki, John Schneider Take New VP Roles at Aerojet Rocketdyne

Jerry Tarnacki, vice president of quality and mission assurance at Aerojet Rocketdyne (NYSE: AJRD), has been named senior VP of the firm’s newly created space business unit. Tarnacki will directly report to Eileen Drake, Aerojet’s president and CEO, and manage all programs related to defense, NASA, space and launch strategies, …

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Reports: DoD Seals $8.5B Deal With Lockheed for 90 F-35s

The Defense Department and Lockheed Martin (NYSE: LMT) have finalized an $8.5 billion contract for the manufacturer to supply 90 lot 10 F-35s, an order that is $728 million less than the cost of the previous batch of the fighter jets, Reuters reported Friday. Mike Stone writes the latest F-35 deal lowers the price of …

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Pratt & Whitney Selects Matthew Bromberg to Replace Retiring Military Engines President Bennett Croswell

Matthew Bromberg, a 15-year veteran of United Technologies Corp. (NYSE: UTX) and president of the commercial engines aftermarket business of its Pratt & Whitney subsidiary, has been appointed to serve as president of the subsidiary’s military engines unit by May. Pratt & Whitney said Tuesday that Bromberg will succeed the retiring Bennett Croswell and …

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Northrop Moves Global Hawk Flight Test With UTC-Built Sensor to Late January

TYSONS CORNER, VA, Jan. 9, 2017 — Northrop Grumman (NYSE: NOC) has rescheduled the flight test of its RQ-4 Global Hawk unmanned surveillance aircraft with the United Technologies Corp.-built (NYSE: UTX) MS-177 multispectral imaging sensor to late January, ExecutiveBiz reported Friday. “The late December test flight was on schedule, but other scheduled test flights affected the …

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UTC Vet Stephen Oswald to Join Ducommun as CEO

Stephen Oswald, former CEO of Capital Safety and a senior executive at United Technologies Corp. (NYSE: UTX), will join electronic and structural systems company Ducommun (NYSE: DCO) as president and CEO on January 23. Ducommun said Thursday Oswald will take over the CEO role from Anthony Reardon, who will vacate his operational responsibilities but …

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Pratt & Whitney to Support F119 Engine Sustainment Under $314M Air Force Contract Modification

 Pratt & Whitney,  a United Technologies Corp. (NYSE: UTX) subsidiary, has received a $313.9 million contract modification from the U.S. Air Force to help maintain F119-PW-100 engines. The Defense Department said Friday the contract covers necessary parts for engine sustainment. Work will occur in Connecticut, California, Alaska, Hawaii, Utah, New Mexico, Virginia, Nevada, Texas, Oklahoma …

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December 12 Market Close: GovCon Index Closes Down 1% After Trump F-35 Tweet, Lockheed Falls 2%

Executive Mosaic’s GovCon Index fell 1 percent Monday on a steep by Lockheed Martin‘s (NYSE: LMT) stock at 2 percent as other large defense primes also tumbled after President-elect Donald Trump criticized the F-35 program’s costs in a Twitter post before markets opened. The GovCon Index traded down 2 percent shortly before 12 p.m. Eastern …

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UTC Subsidiary to Provide F-35 Propulsion System Services Under $310M Navy Contract

A United Technologies Corp. (NYSE: UTX) subsidiary has secured a $309.8 million contract from the U.S. Navy to provide propulsion system services in support of the F-35 Joint Strike Fighter program. The Defense Department said Wednesday that Pratt & Whitney will supply hardware, training course materials and equipment for the F-35 aircraft of the Navy, Air Force, Marine Corps, …

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State Dept Clears Potential $21B F-15 Sale to Qatar

The State Department has approved Qatar’s request to buy 72 Boeing (NYSE: BA) F-15 aircraft, weapons, related support, equipment and training services under a potential $21.1 billion foreign military sales agreement. The Defense Security Cooperation Agency said Thursday the agreement aims to support political stability and economic growth in the Persian Gulf region, as …

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Pratt & Whitney Awarded $168M Contract for Lot 11 F-35 Propulsion System Components

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a $167.5 million contract to fund long-lead engine materials needed for the low-rate initial production of lot 11 F-35s. Pratt & Whitney will supply 48 F135-PW-100 fighter engines for the U.S. Air Force, four F135-PW-100s for the U.S. Navy and 14 F135-PW-600s for the …

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