Tag Archives: col

Michael Knowles, former vice president and general manager of the air ranges business unit within Cubic’s (NYSE: CUB) global defense segment, has been named corporate senior VP and president of the segment in a move that will take effect Oct. 1. Knowles will succeed Dave Buss, a corporate SVP who will …

The U.S. Navy has awarded 22 companies spots on a potential five-year, $980 million contract to design, build and manufacture training systems and related devices. The service received 40 proposals for the firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract that will run through November 2023, the Defense Department said Friday. The contractors will …

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said the company is “on track” with the regulatory clearance process and in the final phase of completion with regard to its pending $30 billion acquisition of Rockwell Collins (NYSE: COL), The Gazette reported Tuesday. “We expect the transaction to close here …

A General Atomics business unit will collaborate with several other companies to compete for the U.S. Navy’s carrier-based unmanned aerial refueling tanker program. General Atomics Aeronautical Systems Inc. said Monday it will work with Boeing (NYSE: BA); BAE Systems; United Technologies Corp.‘s (NYSE: UTC) Pratt & Whitney and aerospace systems business; L3 Technologies (NYSE: LLL); Rockwell Collins …

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

Shareholders at Rockwell Collins (NYSE: COL) have cleared a deal for United Technologies Corp. (NYSE: UTX) to acquire the Cedar Rapids, Iowa-based avionics contractor for approximately $30 billion. Holders of at least 72 percent of outstanding shares in Rockwell Collins as of record date voted to approve the transaction during the Thursday …

Rockwell Collins (NYSE: COL) is set to hold a shareholder meeting on Jan. 11 to decide on proposals associated with United Technologies Corp.’s (NYSE: UTX) proposed $30 billion acquisition of the Cedar Rapids, Iowa-based avionics contractor. Rockwell Collins said Monday shareholders of record as of Dec. 8 will be eligible to …

Lockheed Martin (NYSE: LMT) and Rockwell Collins (NYSE: COL) have won three-year contracts from the U.S. Air Force to perform risk reduction and technology maturation work on a platform designed to replace the service’s aerial launch control system. The military branch awarded an $80.7 million contract to Lockheed’s space systems …

Air Force Secretary Heather Wilson has said she has no concerns on Northrop Grumman’s (NYSE: NOC) proposal to acquire Orbital ATK (NYSE: OA) and that the service branch intends to monitor the transaction’s progress, Defense News reported Tuesday. “Obviously, we watch these things and make sure that no matter [what] happens …

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said UTC’s move to acquire Rockwell Collins (NYSE: COL) under an estimated $30 billion deal seeks to advance the development of digital platforms for the aviation sector, Reuters reported Tuesday. Hayes told Reuters the proposed acquisition also aims to facilitate the adoption of …