Tag Archives: Pratt & Whitney

Raytheon Technologies started trading Friday on the New York Stock Exchange under the ticker symbol “RTX” after United Technologies Corp. and Raytheon completed their all-stock merger that was first announced in June 2019. The Waltham, Mass.-based publicly traded combined company has approximately $74B in pro forma 2019 net sales and operates with about 195K employees worldwide focused on developing technologies across hypersonics, cybersecurity, avionics and directed energy, among other areas, Raytheon Technologies said Friday.

United Technologies Corp.'s (NYSE: UTX) Pratt & Whitney subsidiary has received a $193.8M contract from the U.S. Navy to obtain long lead materials needed to build lot 15 F-35 propulsion systems.

United Technologies Corp.'s (NYSE: UTX) Pratt & Whitney subsidiary has received a $319.8M contract option from the U.S. Navy to manufacture 32 propulsion systems designed to power the F-35 fighter aircraft.

James Taiclet, a board member at Lockheed Martin (NYSE: LMT), has been elected by the board of directors to succeed Marillyn Hewson as president and CEO, effective June 15. Hewson, who has served as president and CEO since 2013 and a 2020 Wash100 award winner, will transition to the role of executive chairman of the board by mid-June, Lockheed said Monday.

The State Department has approved Tunisia's request to buy four Textron-built (NYSE: TXT) light attack aircraft, related equipment and support services under a potential $325.8M foreign military sales agreement.

The State Department has cleared Singapore's request to procure Lockheed Martin-built (NYSE: LMT) fighter jets and Pratt & Whitney-made aircraft engines through a potential $2.75B foreign military sales agreement.

The U.S. Navy has awarded United Technologies Corp.'s (NYSE: UTX) Pratt & Whitney subsidiary a $455.5M contract modification to provide lot 14 aircraft propulsion systems to non-Department of Defense participants of the F-35 program.

Pratt & Whitney, a subsidiary of United Technologies Corp. (NYSE: UTX), has received a one-year, $521.9M  modification to a U.S. Navy contract for logistics sustainment work on the F-35 propulsion system. 

The U.S. Navy has awarded United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary a potential $762.5M contract modification to produce and deliver lot 14 F135 propulsion systems.

Neil Mitchill, vice president and chief financial officer of United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary, has been appointed to serve as UTC CFO on an acting basis, the Wall Street Journal reported Tuesday.