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Tag Archives: united technologies corp

Sean Palleschi named Cubic Global Defense financial operations VP, controller; Dave Buss comments

Sean Palleschi, formerly associate finance director of aerostructures division at United Technologies Corp.’s (NYSE: UTX) aerospace systems business, has joined Cubic’s (NYSE: CUB) global defense segment as vice president of financial operations and controller. Dave Buss, president of Cubic Global Defense, said in a statement published Tuesday Palleschi’s previous experience as …

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UTC’s Pratt & Whitney Gets $240M Navy Contract for Lot 12 F135 Propulsion Systems

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a $239.7 million contract from the U.S. Navy to obtain long-lead materials, parts and components for the low-rate initial production of lot 12 F135 propulsion systems. The advanced acquisition contract will fund 46 F135-PW-100 engines for the U.S. Air Force, 20 F135-PW-600 units for the U.S. Marine Corps and …

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UTC Gets $2.5B DLA Contract for Military Aviation Spares, Services

A United Technologies Corp. (NYSE: UTX) business unit has secured a potential 10-year, $2.5 billion contract to provide aviation-related spare parts and services to all U.S. military branches. UTC Aerospace Systems will perform work at various facilities in nine states through April 30, 2028, the Defense Department said Wednesday. The sole-source contract contains a …

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General Atomics Announces Teammates for Navy’s Stingray Tanker Drone Requirement

A General Atomics business unit will collaborate with several other companies to compete for the U.S. Navy’s carrier-based unmanned aerial refueling tanker program. General Atomics Aeronautical Systems Inc. said Monday it will work with Boeing (NYSE: BA); BAE Systems; United Technologies Corp.‘s (NYSE: UTC) Pratt & Whitney and aerospace systems business; L3 Technologies (NYSE: LLL); Rockwell Collins …

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PwC: Global Aerospace, Defense M&A Hit $72B in 2017

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

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State Dept Clears $6.53B Lockheed-Built F-35A Aircraft Sale to Belgium

The State Department has approved Belgium’s request to buy 34 Lockheed Martin-built (NYSE: LMT) F-35A conventional take-off and landing fighter aircraft from the U.S. government under a potential $6.53 billion foreign military sales agreement. Lockheed and United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary will serve as prime contractors in …

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Rockwell Collins’ Shareholders OK UTC Merger; Kelly Ortberg Comments

Shareholders at Rockwell Collins (NYSE: COL) have cleared a deal for United Technologies Corp. (NYSE: UTX) to acquire the Cedar Rapids, Iowa-based avionics contractor for approximately $30 billion. Holders of at least 72 percent of outstanding shares in Rockwell Collins as of record date voted to approve the transaction during the Thursday …

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State Dept OKs Poland’s $200M Follow-On Request for F-16 Sustainment Services

The State Department has given Poland the green light to procure follow-on F-16 aircraft  sustainment and support services from the U.S. government under a potential $200 million foreign military sales deal. Poland requested the procurement of aircraft maintenance, upgrades and overhaul support, technical documentation, engineering, spare and repair parts, test equipment and logistics support …

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USAF Awards Potential $6.7B Aircraft Engine Sustainment IDIQ to Pratt & Whitney

A United Technologies (NYSE:UTX) subsidiary has received a potential eight-year, $6.7 billion indefinite-delivery/indefinite-quantity contract to sustain F119 aircraft engines for the U.S. Air Force. Pratt and Whitney will perform contract work through December 2025 under the sole-source contract, the Defense Department said Thursday. Locations of work are Air Force bases in Alaska, California, Connecticut, Hawaii, Utah, New …

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Rockwell Collins Shareholders Set Jan. 11 Vote on UTC Deal

Rockwell Collins (NYSE: COL) is set to hold a shareholder meeting on Jan. 11 to decide on proposals associated with United Technologies Corp.’s (NYSE: UTX) proposed $30 billion acquisition of the Cedar Rapids, Iowa-based avionics contractor. Rockwell Collins said Monday shareholders of record as of Dec. 8 will be eligible to …

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