Tag Archives: Collins Aerospace

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.

Raytheon Technologies' (NYSE: RTX) Collins Aerospace business has secured a $126M contract to research, develop, build and sustain common avionics architecture systems for the U.S. Special Operations Command.

BAE Systems plans to develop a $139M classified facility in Cedar Rapids, Iowa, and create 650 jobs in the city, The Gazette reported Friday. Construction work on the proposed 200K-square-foot defense aerospace facility is expected to kick off by October and conclude by September 2022. Ryan Companies US will serve as the project’s developer.

The State Department has approved a potential $862.3M foreign military sale of updated AIM-9X Sidewinder air-to-air tactical missiles, associated equipment and support services to Canada.

The U.S. Navy has awarded Viasat (Nasdaq: VSAT) and Data Link Solutions positions on a potential five-year, $999M contract to produce, retrofit and sustain Multifunctional Information Distribution System Joint Tactical Radio Systems terminals.

Raytheon Technologies' (NYSE: RTX) Collins Aerospace business has secured a delivery order to supply more  AN/PRC-162 ground radio systems to the U.S. Army.

AMERGINT Technologies Holdings has agreed to acquire the space-based precision optics business of Raytheon Technologies (NYSE: RTX) for an undisclosed sum. The Danbury, Conn.-based space-based optics business is part of Raytheon Technologies’ Collins Aerospace subsidiary and provides precision electro-optical systems for defense and national security space missions.

Stephen Timm, president of the avionics business unit at United Technologies Corp.’s (NYSE: UTX) Collins Aerospace subsidiary, has been named president of the subsidiary. He will succeed Kelly Ortberg, who has been appointed special adviser to the office of the CEO as UTC and Raytheon (NYSE: RTN) move ahead with their merger to form Raytheon Technologies, UTC said Friday.

Warren Romine, managing director at KippsDeSanto & Co., has said more middle-market defense contractors are considering divestitures as they assess their capacity to keep up with market trends, the Washington Business Journal reported Monday. Romine told the publication in an interview he expects increased U.S. defense budget and low interest rates to also drive acquisition and divestiture efforts.

BAE Systems’ U.S. subsidiary has agreed to acquire two businesses that are being divested in order for United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) to secure the required antitrust approval for their pending merger.