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Search Results for: UTC

Dell Shareholders OK $25B Buyout Offer From Founder, Silver Lake

Dell (NASDAQ: DELL) shareholders have given preliminary approval to a $24.9 billion buyout offer from founder and CEO Michael Dell and investment firm Silver Lake Partners that would take the computer manufacturer private. The sale is slated to close before the end of the third quarter of Dell’s fiscal year 2014 …

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Paul Adams to Succeed David Hess as Pratt & Whitney President; Alain Bellemare Comments

Paul Adams, chief operating officer at United Technologies Corp. (NYSE: UTX) subsidiary Pratt & Whitney, will lead the subsidiary as president starting on Jan. 1, 2014. Adams will succeed the retiring David Hess, a 34-year veteran of UTC who has led Pratt & Whitney since 2009, UTC said Tuesday. Alain Bellemare, president and …

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Bob Kipps: GovCon M&A Sellers Must ‘Know Their Buyer’

Sellers Need to Know Their Buyer Bob Kipps, Managing Director, KippsDeSanto & Company In sales, experts always say “know your customer.” That advice also holds true in large part for owners of Government and Defense industry firms considering the sale of their business. In this year of transition and uncertainty, …

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Lockheed and DHS to Collaborate on Infrastructure Cyber Protection; Darrell Durst Comments

Lockheed Martin (NYSE: LMT) will soon have access to furnished information from the Department of Homeland Security to support the Bethesda, Md.-based contractor’s efforts to protect U.S. infrastructure from cybersecurity attacks. After meeting certain security requirements, Lockheed will be cleared to provide managed cybersecurity services to the Enhanced Cybersecurity Services program, which …

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Jacobs-Led Team Wins Potential $2B For NASA Engineering, Tech Services; Terry Hagen Comments

A Jacobs Engineering Group-led team has won a potential $1.93 billion contract to provide NASA engineering, technology and science services at the Johnson Space Center in Houston. The cost-plus-award-fee services contract starts May 1 and contains five base years and two two-year options, Jacobs said Tuesday. Team members for the …

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Sikorsky Wins $804M Contract Modification to Build Black Hawk Helicopters

Sikorsky Aircraft Corp., a United Technologies (NYSE: UTX) subsidiary, has won an $804, 426, 634 firm-fixed-price modification contract to build UH-60M and HH-60M black hawk helicopters. (Click Here, to read about the original $7.3 billion Sikorsky contract for the helicopters.) The award will also fund associated engineering, program management, provisioning, technical publications, …

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NATO Briefs Industry on Potential $2.58B C4ISR Investments; Koen Gijsbers Comments

More than 600 senior North American and European industry representatives attended a NATO conference in Rome this week to discuss potential opportunities in C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance). According to a NATO release, the alliance could spend up to $2.85 billion on C4ISR projects, conditioned on …

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Air Force One To Be Upgraded By Early Next Decade, Pentagon says

The Pentagon launched a new program on August 10 for the development and acquisition of replacement presidential aircraft scheduled to be operational early next decade, reports Tony Capaccio for Bloomberg. Undersecretary of Defense for Acquisition Frank Kendall ordered the Air Force to assemble an office for the replacement project which …

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Harris Names 20-Year Vet Robert Duffy HR Lead; Bill Brown Comments

Harris Corp. (NYSE: HRS) has appointed 20-year human resources veteran Robert Duffy senior vice president for HR and administration, the company announced Thursday. He will report to President and CEO Bill Brown and succeed Jeff Shuman, who is leaving the company after seven years to pursue other opportunities. Duffy brings …

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ICF Wins $100M For Labor Dept Research Support; Jeanette Hercik Comments

ICF International (NASDAQ: ICFI) has won a $100 million blanket purchase agreement to help the U.S. Labor Department and its agencies translate research into practice, the company announced Thursday. The department’s chief evaluation officer awarded the five-year multiple-award contract. ICF will work with researchers in the fields of workforce development …

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