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Search Results for: UTC

Rockwell Collins’ Shareholders OK UTC Merger; Kelly Ortberg Comments

Shareholders at Rockwell Collins (NYSE: COL) have cleared a deal for United Technologies Corp. (NYSE: UTX) to acquire the Cedar Rapids, Iowa-based avionics contractor for approximately $30 billion. Holders of at least 72 percent of outstanding shares in Rockwell Collins as of record date voted to approve the transaction during the Thursday …

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Rockwell Collins Shareholders Set Jan. 11 Vote on UTC Deal

Rockwell Collins (NYSE: COL) is set to hold a shareholder meeting on Jan. 11 to decide on proposals associated with United Technologies Corp.’s (NYSE: UTX) proposed $30 billion acquisition of the Cedar Rapids, Iowa-based avionics contractor. Rockwell Collins said Monday shareholders of record as of Dec. 8 will be eligible to …

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Paul Eremenko to Become UTC SVP, CTO in January

Paul Eremenko, formerly chief technology officer at Airbus, will join United Technologies Corp. (NYSE: UTX) to serve as a senior vice president and CTO starting Jan. 1. He will succeed the retiring J. Michael McQuade and directly report to Greg Hayes, UTC chairman and CEO, the company said Thursday. Eremenko will …

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Dell EMC’s Cameron Chehreh: Mission Outcome, Infrastructure Modernization Key to Data Analytics

Cameron Chehreh, chief operating officer and chief technology officer of Dell EMC’s federal business, has said government agencies seeking to gain insights from collected data to facilitate the decision-making process and build up citizen services should first focus on the mission outcome. Chehreh wrote that agencies should frequently reconsider their mission statements amid …

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Greg Hayes: UTC-Rockwell Collins Merger Deal Aims to Advance Digital Platforms, Predictive Analytics

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said UTC’s move to acquire Rockwell Collins (NYSE: COL) under an estimated $30 billion deal seeks to advance the development of digital platforms for the aviation sector, Reuters reported Tuesday. Hayes told Reuters the proposed acquisition also aims to facilitate the adoption of …

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UTC Proposes $30B Deal for Rockwell Collins in Aerospace Market Push; Greg Hayes Comments

United Technologies Corp. (NYSE: UTX) has agreed to purchase Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) through an estimated $30 billion transaction in a move to establish a new aerospace systems supplier that will work to meet the evolving needs of global clients. Farmington, Connecticut-based conglomerate UTC said Monday it will pay …

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Maximus’ Tom Romeo: Outcomes-Based Contracting to Drive Accountability, Collaboration for Gov’t Service Delivery

TYSONS CORNER, VA, Aug. 30, 2017 — Tom Romeo, general manager of the U.S. federal services business at Maximus (NYSE: MMS), has said an outcomes-based contracting model will work to help the federal government bolster delivery of citizen services even with budget constraints, ExecutiveBiz reported Tuesday. Romeo, an inductee into Executive Mosaic’s Wash100 …

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Reports: UTC Nears Deal to Acquire Rockwell Collins

United Technologies Corp. (NYSE: UTX) is close to finalizing an agreement to buy Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the industrial conglomerate aims to expand its aerospace business, Reuters reported Tuesday. A source familiar with the negotiations told Reuters the companies are close to reaching an agreement on …

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Report: UTC Eyes Rockwell Collins Acquisition

United Technologies Corp. (NYSE: UTX) is exploring an acquisition of Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the global industrial conglomerate looks to further expand its aerospace business, Bloomberg reported Saturday. Sources familiar with the matter told Bloomberg it is yet unclear whether the two firms are in discussions over …

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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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