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.
Antenna Research Associates has appointed Jay Abendroth, a seasoned defense electronics executive, as chief growth officer to lead business development…
Precise Systems has appointed Michael “Mike” Risik as vice president of business development. The Lexington Park, Maryland-based company said Wednesday Risik will…
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
