Tag Archives: united technologies corp

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. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker symbol on the New York Stock Exchange.

The Department of Justice has given United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) an antitrust approval to proceed with their proposed merger through an all-stock transaction, Reuters reported Friday. A DOJ notice posted Thursday says the approval comes with a proposed settlement that requires both companies to divest to a U.S. approved-buyer Raytheon’s airborne tactical radios business and UTC’s military GPS business and its large space-based optical systems unit to maintain competition.

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.

Executive Mosaic is honored to present Pierre Chao, founding partner of Reconnaissance Strategic Advisors (RSAdvisors), as an inductee into the 2020 Wash100 Award for his expansive consulting services and IT insights. This marks Chao’s third Wash100 Award.

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.

The European Commission approved United Technologies Corp.’s (NYSE: UTX) planned $121B merger with Raytheon (NYSE: RTN), Reuters reported Friday.

The board of directors of United Technologies Corp. (NYSE: UTX) approved the spinoffs of its Carrier and Otis subsidiaries into two independent companies and expects to complete the separations on April 3. "Executing the separations of Carrier and Otis is also a major milestone to completing the merger of UTC's aerospace businesses with Raytheon to create Raytheon Technologies,” Greg Hayes, chairman and CEO of UTC, said in a statement published Wedneday.

Qualcomm (Nasdaq: QCOM) CEO Steve Mollenkopf and Akhil Johri, former chief financial officer and executive vice president of United Technologies Corp. (NYSE: UTX), have been nominated to serve on the board of Boeing (NYSE: BA).