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UTC-Raytheon Merger Deal Set to Close Friday; Thomas Kennedy, Greg Hayes Quoted

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 symbol on the New York Stock Exchange.

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Proposed UTC-Raytheon Merger Gets DOJ Antitrust Clearance With Divestiture Requirement

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.S. approved-buyer Raytheon’s airborne tactical radios business and UTC’s military GPS business and its large space-based optical systems unit to maintain competition.

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Tom Arseneault to Become BAE US CEO in April; Jerry DeMuro Quoted

Tom Arseneault, president and chief operating officer of BAE Systems’ U.S. subsidiary and a former Wash100 Award recipient, has been appointed to take a new dual role as president and CEO beginning on April 1. He will succeed Jerry DeMuro, who assumed the chief executive position in 2014 and a 2019 Wash100 winner.

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BAE Acquires Riptide Autonomous Solutions; Terry Crimmins Quoted

BAE Systems’ U.S. subsidiary has completed its purchase of Plymouth, Mass.-based unmanned underwater vehicle provider Riptide Autonomous Solutions for an undisclosed sum. BAE Systems Inc. said Monday its electronic systems sector will absorb Riptide staff primarily to support the FAST Labs organization, which develops technological offerings for use in defense, security and aerospace domains.

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BAE US COO Tom Arseneault Adds President Role; Jerry DeMuro Quoted

Tom Arseneault, chief operating officer of BAE Systems’ U.S. arm, has assumed additional duties as president of the subsidiary. He was also named to the board of directors of BAE Systems Inc. and will assume functional leadership responsibilities, the company said Thursday. “Tom has a proven track record leading complex …

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McAleese & Associates: BAE’s US Electronic Systems Sector Posted 14% Growth in 2018 Sales

A report by consulting firm McAleese & Associates says BAE Systems’ U.S. electronic systems sector saw its 2018 sales rise 14 percent to $5.3B with 15.3 percent sector operating margin and operating profit of $809M. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote BAE’s U.S. arm attributed …

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BAE to Expand Presence With Planned Office at Georgia Cyber Center; Peder Jungck Quoted

TYSONS CORNER, VA, January 16, 2018 — The U.S. arm of BAE Systems aims to establish a new innovation hub in Georgia that will be housed at the state’s Augusta-based cyber complex as part of efforts to expand its presence in the region, ExecutiveBiz reported Friday. The company said Thursday BAE Systems Inc. …

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