Tag Archives: Pratt & Whitney

Alain Bellemare, an aerospace industry veteran, has been appointed an operating executive within the global aerospace, defense and government services group at The Carlyle Group (Nasdaq: CG).

The State Department has cleared Japan’s request to buy 105 units of Lockheed Martin-built (NYSE: LMT) F-35 fighter jets, Pratt & Whitney-made aircraft engines and related equipment and services under a potential $23.11B foreign military sales agreement.

James Taiclet, a board member at Lockheed Martin (NYSE: LMT) since 2018, on Monday officially assumed his duties as president and CEO of the company. He succeeds Marillyn Hewson, who now serves as executive chairman of the board and continues to support the leadership transition.

The U.S. Air Force has issued a solicitation for a contract to replace the engines of its fleet of 76 Boeing-built (NYSE: BA) B-52 Stratofortress bombers.

Pratt & Whitney, now part of Raytheon Technologies (NYSE: RTX), has secured a $111.1M contract modification to build propulsion systems designed to power the U.S. Marine Corps' F-35B short takeoff and vertical landing aircraft.

South Korea requested to procure follow-on support for F-35 jets and components through a potential $675M foreign military sales agreement with the U.S. government. Lockheed Martin (NYSE: LMT) and Pratt & Whitney will be the principal contractors for the State Department-approved FMS transaction, the Defense Security Cooperation Agency said Friday.

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.