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Tag Archives: aerospace

Former UN Ambassador Nikki Haley Nominated to Join Boeing Board

Nikki Randhawa Haley, former U.S. ambassador to the United Nations, has been nominated to be a member of Boeing‘s (NYSE: BA) board of directors. She is set for election at the aerospace and defense contractor’s annual shareholder meeting on April 29, Boeing said Tuesday. Haley left her U.S. envoy position …

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Arlington Capital Partners to Acquire Triumph Group’s Fabrications Business

Washington, D.C.-based private equity firm Arlington Capital Partners has agreed to acquire the fabrications business of Triumph Group (NYSE: TGI) for an undisclosed sum. Triumph Fabrications is composed of four independent firms with operations in San Diego; Phoenix; Shelbyville, Ind.; Hot Springs, Ark.; and Fort Worth, Texas, Triumph Group said Monday. …

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Northrop Plans New Aerospace-Focused Facility, Expanded Workforce in Albuquerque

TYSONS CORNER, VA, January 14, 2018 — Northrop Grumman (NYSE: NOC) is set to open a new facility in Albuquerque, N.M., that is aimed to generate additional job opportunities in the region as the company works to drive growth in its aerospace business, ExecutiveBiz reported Thursday. The Albuquerque Journal reported Wednesday that …

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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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