Home / Tag Archives: carrier

Tag Archives: carrier

UTC Board OKs Carrier, Otis Spinoffs; Greg Hayes Quoted

The board of directors of United Technologies Corp. (NYSE: UTX) approved the spinoffs of its Carrier and Otis subsidiaries into two independent companies and expects to complete the separations on April 3. "Executing the separations of Carrier and Otis is also a major milestone to completing the merger of UTC's aerospace businesses with Raytheon to create Raytheon Technologies,” Greg Hayes, chairman and CEO of UTC, said in a statement published Wedneday.

Read More »

Raytheon, UTC Shareholders OK All-Stock Merger Deal; Thomas Kennedy, Greg Hayes Quoted

Stockholders at Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) approved at their respective meetings the companies’ agreement to merge in an all-stock transaction and create a technology provider that will be known as Raytheon Technologies.

Read More »

UTC Names Judy Marks, David Gitlin as CEOs of Future Independent Firms Otis, Carrier

United Technologies Corp. (NYSE: UTX) has appointed Judith Marks, president of Otis since 2017 and a three-time Wash100 winner, as CEO of UTC’s elevators manufacturing subsidiary. Marks previously served as CEO of Siemens USA and head of the industrial conglomerate’s Dresser-Rand business. She also held senior leadership positions at Lockheed Martin (NYSE: LMT) and IBM (NYSE: IBM).

Read More »

Raytheon, UTC Announce All-Stock Merger; Thomas Kennedy, Greg Hayes Quoted

Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have agreed to merge in an all-stock deal that will establish a platform-agnostic technology provider within aerospace and defense segments. The combined company will operate as Raytheon Technologies and be headquartered in the greater Boston metro area upon the deal’s completion, which is expected in the first half of 2020, the firms said in a joint statement published Sunday.

Read More »

UTC-Rockwell Collins Merger: New Financial Details Emerge

On Nov. 26th, United Technologies announced its move to split the company into three separate businesses following the completion of the $30B Rockwell Collins acquisition on Nov. 23rd. The move will combine UTC’s Pratt & Whitney and United Technologies Aerospace Systems with Rockwell Collins to form Collins Aerospace Systems. The …

Read More »

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 …

Read More »