Tag Archives: united technologies corp

A McAleese and Associates report says Raytheon (NYSE: RTN) recorded $9.5B in new orders during the second quarter of 2019 with a book-to-bill ratio of 1.3x.

Collins Aerospace, a business unit of United Technologies Corp. (NYSE: UTX), has secured a potential $40.2M indefinite-delivery/indefinite-quantity contract to sustain training devices for the U.S. Air Force's E-8 Joint Surveillance Target Attack Radar System aircraft.

A new PwC report says the value of mergers and acquisitions in the global aerospace and defense industry was $58.3B in the second quarter of 2019 and the total deal value for year-to-date 2019 was $64.4B, increasing by 2.7x when compared with YTD 2018.

Jesus “Jay” Malave, a more than 20-year United Technologies Corp. (NYSE: UTC) veteran, has joined L3Harris Technologies (NYSE: LHX) as senior vice president and chief financial officer.

The planned merger between Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) comes as the aerospace-and-defense sector anticipates slower growth in the Department of Defense’s spending and as DoD sets its sights on hypersonic missiles, space systems and other new priorities, The Wall Street Journal reported Wednesday.

Thomas Kennedy, chairman and CEO of Raytheon (NYSE: RTN), told Defense News in an interview published Tuesday about the features of the proposed merger between Raytheon and United Technologies Corp. (NYSE: UTX) and one of the things he mentioned is how the deal makes the future combined firm more resilient.

Greg Hayes, chairman and CEO of United Technologies Corp. (NYSE: UTC), has said that both UTC and Raytheon (NYSE: RTN) agreed on implementing a "platform agnostic" approach for technology offerings of the future merged company. The two contractors signed an all-stock deal that will create a systems provider across aerospace and defense segments.

United Technologies Corp. (NYSE: UTX) has appointed Judith Marks, president of Otis since 2017 and a three-time Wash100 winner, as CEO of UTC’s elevators manufacturing subsidiary. Marks previously served as CEO of Siemens USA and head of the industrial conglomerate’s Dresser-Rand business. She also held senior leadership positions at Lockheed Martin (NYSE: LMT) and IBM (NYSE: IBM).

Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have agreed to merge in an all-stock deal that will establish a platform-agnostic technology provider within aerospace and defense segments. The combined company will operate as Raytheon Technologies and be headquartered in the greater Boston metro area upon the deal’s completion, which is expected in the first half of 2020, the firms said in a joint statement published Sunday.

United Technologies Corp.'s (NYSE: UTX) Collins Aerospace business has been awarded a seven-year, $92M contract to provide aircraft ejection seat sequencers to the U.S. Air Force and 22 international defense customers.