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Tag Archives: aerospace

UTC to Split Into Three Firms After Rockwell Collins Deal Completion; Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) has announced plans to divide into three independent companies after it completed its $30B purchase of Rockwell Collins (NYSE: COL). UTC said Monday it will combine its aerospace systems business with Rockwell Collins to form Collins Aerospace Systems and expects the transaction to be $0.15 to $0.20 …

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UTC-Rockwell Collins Deal Gets Final Regulatory Clearance

Chinese regulators have given United Technologies Corp. (NYSE: UTX) the green light to pursue its planned $30B acquisition of Rockwell Collins (NYSE: COL). UTC said Friday the approval marks the final regulatory clearance the company needed to complete its purchase of the Cedar Rapids, Iowa-based avionics contractor. Farmington, Conn.-based conglomerate UTC agreed …

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UTC Expects China’s Approval of Rockwell Collins Deal Within Weeks; Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) expects Chinese regulators to approve its planned $30B purchase of Rockwell Collins (NYSE: COL) within weeks, Reuters reported Tuesday. UTC CEO Greg Hayes said Tuesday in a conference call the company does not expect the U.S.-China political issues to have an impact on the deal citing UTC’s …

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Boeing Closes KLX Purchase; Stan Deal Quoted

Boeing (NYSE: BA) has wrapped up its $3.2B cash acquisition of Florida-based aviation parts and services provider KLX. The transaction is part of Boeing’s aerospace services market push and expands its offerings for defense, business, commercial and general aviation clients, the company said Tuesday. The Chicago-based planemaker first announced the …

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Northrop Unveils Expanded Facility for Aerospace Programs in Beavercreek, Ohio

TYSONS CORNER, VA, September 28, 2018 — Northrop Grumman (NYSE: NOC) has expanded its composite structures manufacturing center in Beavercreek, Ohio, with a new operational area for additional work on aerospace programs, ExecutiveBiz reported Tuesday. The company said Monday Ohio state and local officials attended the ceremony to open the facility extension, …

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Northrop Pushes Workforce Expansion at Composite Aerospace Structures Plant in Utah

TYSONS CORNER, VA, September 25, 2018 — Northrop Grumman (NYSE: NOC) has expanded its workforce in Utah with 30 additional jobs filled this year to support the manufacture of composite aerospace structures at its facility in West Valley City, ExecutiveBiz reported Monday. The company said Friday it also plans to hire 100 new …

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Carlyle Group’s US Buyout Fund Secures $18.5B Capital

The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries. The private equity firm said Monday the amount of capital raised for the Carlyle Partners VII fund surpassed the $15 billion target, reflecting a 42 percent increase …

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CTC, Affiliate Earn Quality Recertification for Aerospace Operations; Ed Sheehan Comments

TYSONS CORNER, VA, Jan. 23, 2018 — Concurrent Technologies Corp. and an affiliate company have secured a re-accreditation of their quality management system based on the AS9100D standard for aerospace organizations following audits by ABS Quality Evaluations, ExecutiveBiz reported Jan. 10. CTC said Jan. 9 its AS9100D:2016 recertification with Enterprise Ventures Corp. serves to …

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UTC Proposes $30B Deal for Rockwell Collins in Aerospace Market Push; Greg Hayes Comments

United Technologies Corp. (NYSE: UTX) has agreed to purchase Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) through an estimated $30 billion transaction in a move to establish a new aerospace systems supplier that will work to meet the evolving needs of global clients. Farmington, Connecticut-based conglomerate UTC said Monday it will pay …

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Infoscitex Lands $70M USAF Aerospace System R&D Contract Modification

The U.S. Air Force has awarded Infoscitex a four-year, $70 million contract modification to support the military branch’s aerospace technology and simulation-based research and development efforts. Infoscitex will provide R&D services in areas such as flight control laws, cooperative control autonomy, vehicle integrity management and automation, the Defense Department said Tuesday. The company …

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