Tag Archives: united technologies corp

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.

BAE Systems plans to develop a $139M classified facility in Cedar Rapids, Iowa, and create 650 jobs in the city, The Gazette reported Friday. Construction work on the proposed 200K-square-foot defense aerospace facility is expected to kick off by October and conclude by September 2022. Ryan Companies US will serve as the project’s developer.

Dantaya Williams, former vice president of human resources at Pratt & Whitney's commercial engines division, has been named chief HR officer of Raytheon Technologies (NYSE: RTX).

Defense industry leaders Steve Worley and Chris Emerson have joined the board of directors of HawkEye 360, a Herndon, Va.-based radio frequency data analytics company.

Dave Wajsgras, a former Raytheon executive and a 2020 Wash100 Award winner, and Ron Moultrie, a former senior national security official, have joined the board of directors of Altamira Technologies. “The management team at Altamira is thrilled to be able to work directly with Dave and Ron as we continue to grow our business, attract top talent and delight current and new customers across the defense and intelligence community," Ted Davies, CEO of Altamira and a former Wash100 inductee, told GovCon Wire.

K. Christopher Farkas, vice president of finance and corporate controller at Curtiss-Wright (NYSE: CW), has been promoted to VP and chief financial officer of the company. He succeeds the retiring Glenn Tynan, who will help facilitate the transition by continuously serving as a VP until fall 2020, and will report directly to David Adams, chairman and CEO of Curtiss-Wright, the company said Thursday.

BAE Systems Inc., the British contractor's U.S. subsidiary, has wrapped up its $275M acquisition of a Raytheon Technologies (NYSE: RTX) unit that produces airborne tactical radio systems for defense customers and aircraft manufacturers.

Pratt & Whitney, now part of Raytheon Technologies (NYSE: RTX), has secured a $111.1M contract modification to build propulsion systems designed to power the U.S. Marine Corps' F-35B short takeoff and vertical landing aircraft.

AMERGINT Technologies Holdings has agreed to acquire the space-based precision optics business of Raytheon Technologies (NYSE: RTX) for an undisclosed sum. The Danbury, Conn.-based space-based optics business is part of Raytheon Technologies’ Collins Aerospace subsidiary and provides precision electro-optical systems for defense and national security space missions.

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.