UTC and Raytheon agreed to divest their military GPS receiver business and airborne tactical radios business, respectively, to BAE Systems’ U.S. subsidiary in January to address competition concerns raised by the European Commission.
The clearance came days after UTC’s board of directors approved the spinoffs of its Carrier and Otis subsidiaries into two independent companies. UTC expects to complete the separations by April 3.
UTC and Raytheon announced their all-stock merger in June of last year. Greg Hayes, chairman and CEO of UTC, said in late January that the company hopes to close the potential merger by early April.
The acquisition will combine Precise Systems’ engineering, software development and interactive training capabilities with Ternion’s modeling and simulation tech Ternion…
Navy has five open solicitations covering shipyard, hypersonics, propulsion, training and fabrication The contracts range from small business research funding…
SAIC will provide systems engineering, technical integration and mission support for ground-based intelligence programs The recompete award pushes SAIC’s Intel…
