Tag Archives: Pratt & Whitney

State Dept Clears South Korea’s $675M F-35 Support Extension Request

state-dept-clears-south-koreas-675m-f-35-support-extension-request

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.

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

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-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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