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Tag Archives: Collins Aerospace

Stephen Timm Named Collins Aerospace President

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.

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KippsDeSanto’s Warren Romine: Defense Spending, Market Factors Could Drive M&As

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.

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DARPA Taps Northrop, Raytheon, Collins Aerospace to Develop Counter-A2/AD Platforms

Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN) and Collins Aerospace has landed contracts from the Defense Advanced Research Projects Agency to develop technology platforms for countering anti-access/area denial threats. DARPA selected the three companies to participate in the first and second phases of the System-of -Systems Enhanced Small Unit program, according to a notice posted Tuesday on the beta SAM website.

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