Search Results for: Collins Aerospace

BAE Closes Purchase of Collins Aerospace’s Military GPS Business

BAE Systems

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.

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Stephen Timm Named Collins Aerospace President

Stephen Timm, president of the avionics business unit at United Technologies Corp.’s (NYSE: UTX) Collins Aerospace subsidiary, has been named president of the subsidiary. He will succeed Kelly Ortberg, who has been appointed special adviser to the office of the CEO as UTC and Raytheon (NYSE: RTN) move ahead with their merger to form Raytheon Technologies, UTC said Friday.

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DARPA Taps Northrop, Raytheon, Collins Aerospace to Develop Counter-A2/AD Platforms

Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN) and Collins Aerospace has landed contracts from the Defense Advanced Research Projects Agency to develop technology platforms for countering anti-access/area denial threats. DARPA selected the three companies to participate in the first and second phases of the System-of -Systems Enhanced Small Unit program, according to a notice posted Tuesday on the beta SAM website.

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