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Tag Archives: Pratt & Whitney

Raytheon Technologies Kicks Off Trading on NYSE; Greg Hayes, Thomas Kennedy Quoted

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.

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James Taiclet to Succeed Marillyn Hewson as Lockheed President, CEO

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.

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Pratt & Whitney Secures $456M Contract Modification for Lot 14 F-35 Propulsion Tech Engineering, Tooling Services

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.

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