Tag Archives: rtx

TransDigm Strikes $965M Cash Deal for Cobham Aero Connectivity; Kevin Stein Quoted

Kevin Stein President and CEO TransDigm

TransDigm Group (NYSE: TDG) has agreed to acquire a Cobham subsidiary focused on providing antennas and radio systems for the aerospace end market. TransDigm will use existing cash on hand to finance the $965M acquisition of Cobham Aero Connectivity and expects the transaction to close during the third quarter of calendar year 2021, subject to regulatory clearances and other customary closing conditions.

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Raytheon Technologies to Buy Smallsat Maker Blue Canyon; Roy Azevedo Quoted

Roy Azevedo Intell

Raytheon Technologies (NYSE: RTX) has agreed to acquire small satellites provider Blue Canyon Technologies for an undisclosed sum as part of efforts to expand its platforms in support of clients’ space missions. “What makes Blue Canyon Technologies the right fit for our business is its agile, innovative culture and expertise in small satellite systems and technologies,” said Roy Azevedo, president of Raytheon Intelligence and Space and a 2020 Wash100 Award winner.

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State Dept OKs $1.8B in HIMARS Launchers, Recce Pods, Missile Purchase Requests From Taiwan

HIMARS launcher

The State Department has approved Taiwan’s request to buy high mobility artillery rocket system launchers, AGM-84H standoff land attack missile-expanded response systems, MS-110 recce pods and related equipment and services under three foreign military sales agreements worth approximately $1.8B combined.

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Rheinmetall Partners With Textron Systems, Raytheon Technologies to Pursue Army OMFV Combat Vehicle Program

Lynx vehicle

A U.S.-based subsidiary of Rheinmetall’s defense segment has partnered with Textron Systems, Raytheon Technologies (NYSE: RTX) and other U.S. defense companies to form an industry team to compete for the U.S. Army’s Optionally Manned Fighting Vehicle program.

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Switzerland Gets State Dept OK for $16.2B in F-35, Super Hornet, Patriot Procurement Requests

F-35 Lightning II

The State Department has cleared Switzerland’s request to buy F-35 fighter jets, F/A-18E/F Super Hornet aircraft and Patriot Configuration-3+ modernized fire units under three foreign military sales agreements worth approximately $16.23B combined.

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Pratt & Whitney Books $580M IDIQ for F-35 Aircraft Propulsion System Spares

F135 engine

Raytheon Technologies' (NYSE: RTX) Pratt & Whitney subsidiary has secured a $579.8M contract to provide F135 propulsion system spare parts, engines and modules to the U.S. Navy, Marine Corps, Air Force, foreign military sales customers and non-Department of Defense participants.

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