GovCon Wire Your Direct Source for Government Contracting News The European Commission approved United Technologies Corp.’s (NYSE: UTX) planned $121B merger with Raytheon (NYSE: RTN), Reuters reported Friday.
Read More »European Commission OKs UTC-Raytheon Merger
BAE’s US Arm to Buy Two Businesses From Raytheon, UTC’s Collins Aerospace; Jerry DeMuro Quoted
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.
Read More »PAE NSS Booked $1.1B in Contracts During 2019; Chico Moline Quoted
TYSONS CORNER, VA, January 7, 2020 — PAE’s national security solutions division has booked contracts worth more than $1.1B last year to support government customers such as the intelligence community, ExecutiveBiz reported Dec. 19.
Read More »Drone Aviation Merges With 5G Wireless Tech Consortium ComSovereign; Dan Hodges Quoted
Drone Aviation and ComSovereign, a U.S.-based consortium of businesses involved in 5G telecommunications radio, power systems and silicon photonics, have completed their merger for an undisclosed sum. The newly combined company will operate as ComSovereign Holding and will focus on providing wireless carrier customers with 5G/NR connectivity and carrier backhaul capability for fixed infrastructure and mobile aerial communications platforms, Drone Aviation said Wednesday.
Read More »Virgin Galactic Set to Go Public After Closing of SCH Merger Transaction
Virgin Galactic and Social Capital Hedosophia are set to close the two firms' merger deal Friday and launch the first publicly traded space tourism company, CNBC reported Thursday. The report said Virgin Galactic could start to trade on the New York Stock Exchange by Monday under the ticker symbol "SPCE."
Read More »Guidehouse Wraps Up Navigant Purchase; Scott McIntyre Quoted
Guidehouse, a management consultancy backed by Veritas Capital, has closed its purchase of Navigant Consulting to broaden work in both the government and commercial sectors. "Together we will serve our clients with distinction around the world, helping them address their most difficult challenges," said Scott McIntyre, CEO of Guidehouse and a 2019 Wash100 awardee.
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 »Nicolas Pujet Named Interim Tech, Engineering Lead at UTC
Nicolas Pujet, a corporate vice president and part of the strategy team at United Technologies Corp. (NYSE: UTX), will lead technology and engineering operations at UTC on an interim basis, Hartford Courant reported Wednesday.
Read More »Anthony O’Brien to Serve as CFO of Combined Raytheon-UTC Firm
Anthony “Toby” O’Brien, chief financial officer of Raytheon (NYSE: RTN), will become CFO of the combined company once Raytheon and United Technologies Corp. (NYSE: UTX) complete their merger.
Read More »Ellen Lord: DoD Sees ‘No Major Concerns’ With Proposed Raytheon-UTC Merger
Ellen Lord, defense undersecretary for acquisition and sustainment and a 2019 Wash100 winner, said the Department of Defense sees “no major concerns” with the proposed merger of Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX), Defense One reported Monday.
Read More »