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The U.S. Air Force has awarded 27 companies spots on a potential five-year, $950M contract to develop and operate systems across ground, air, maritime, space, electromagnetic spectrum and cyber domains in support of the Joint All Domain Command and Control program....

Six companies have received a $550M increase to potential value of orders under a multiple-award contract to sustain U.S. Navy littoral combat ships docked at various locations within and outside the continental U.S. This contract action raises the ceiling for five ordering periods on MAC Tier 1 from $250M to $800M, the Department of Defense s...

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker ...

The Department of Justice has given United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) an antitrust approval to proceed with their proposed merger through an all-stock transaction, Reuters reported Friday. A DOJ notice posted Thursday says the approval comes with a proposed settlement that requires both companies to divest to a U...