Search Results for: UTC

Pratt & Whitney, DoD Agree on Lot 9 & 10 F-35 Propulsion Engine Production

A United Technologies Corp. (NYSE: UTX) subsidiary has reached an agreement with the Defense Department to produce lots 9 and 10 of F135 engines for the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II aircraft. Pratt & Whitney will build 167 F135 low-rate initial production propulsion engines for the three F-35 variants and provide …

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Pratt & Whitney Awarded $318M Air Force F119 Engine Maintenance Contract Modification

Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) subsidiary, has received a $317.8 million contract modification to maintain F119 engines for the U.S. Air Force. The Defense Department said Thursday the company is scheduled to complete work under the contract on Dec. 31. The Air Force uses F119 engines to …

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Pratt & Whitney Gets $215M Contract Modification for F-35 Sustainment Work

A United Technologies Corp. (NYSE: UTX) subsidiary has been awarded a $214.6 million contract modification by the U.S. Navy to provide F-35 hardware sustainment services to domestic and foreign military customers. The Defense Department said Wednesday that Pratt & Whitney will help sustain propulsion systems and deliver training materials in support of low-rate initial production lot 10 …

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Weekly Roundup Nov 9 – Nov 13 2015: BAE’s Decision Gives Some US Govt Services M&A Clarity & more

Weekly Roundup Nov 9 – Nov 13 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson What will the U.S. government services market look like when we enter 2016 and who will be in it? We received some clarity to that question early Thursday morning …

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Blackstone to Purchase 17% Stake in NCR; Bill Nuti Comments

Blackstone Group has agreed to acquire a 17-percent ownership stake in consumer transaction technology maker NCR (NYSE: NCR) for approximately $820 million. NCR said Thursday it aims to transform into an integrated software development and services company and will use the investment to partly fund a planned stock repurchase program. “The NCR board has determined that executing …

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Lockheed Appoints Dan Schultz President of New Sikorsky Unit; Marillyn Hewson Comments

Dan Schultz, formerly vice president of Lockheed Martin‘s (NYSE: LMT) ship and aviation systems business, will serve as president of the company’s newly acquired Sikorsky helicopter business. Lockheed said Friday Schultz led Sikorsky’s integration into the Lockheed mission systems and training organization as the acquisition moved toward a close last week. “He …

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Lockheed Says Sikorsky Buy to Close Friday After China Clears Deal, All Regulatory Approvals Complete

China’s commerce ministry has cleared Lockheed Martin‘s (NYSE: LMT) estimated $9 billion purchase of the helicopter manufacturer Sikorsky Aircraft to mark the final regulatory approval required for the deal. Lockheed announced the review’s completion Tuesday and said it expects the transaction to close Nov. 6. The company needed approval from eight …

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Weekly Roundup Oct 19 – Oct 23 2015: Contracting Giants Kick Off 3Q Earnings Season & more

Weekly Roundup Oct 19 – Oct 23 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Three of the U.S.’ five largest government contractors and members of Executive Mosaic’s GovCon Index ushered in the latest round of earnings reports this week and …

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Lockheed 3Q Earnings, Revenue Top Forecasts; Marillyn Hewson Updates IS&GS Review and Sikorsky Buy

Lockheed Martin (NYSE: LMT) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported third quarter earnings of $2.77 per share, five cents higher than the consensus Wall Street estimate and one cent above EPS figures reported for the prior year period. Profit declined 2.6 percent …

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Pieter Schoehuijs Joins Capgemini as Group CIO; Aiman Ezzat Comments

Pieter Schoehuijs, former chief information officer of AkzoNobel, has joined Capgemini as group CIO. Schoehuijs will report to Aiman Ezzat, Capgemini’s chief financial officer and group management board member, Capgemini said Monday. “Pieter has global experience and an excellent track record in driving technology transformation in several industries, ” Ezzat …

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