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Tag Archives: united technologies corp

Reports: UTC Nears Deal to Acquire Rockwell Collins

United Technologies Corp. (NYSE: UTX) is close to finalizing an agreement to buy Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the industrial conglomerate aims to expand its aerospace business, Reuters reported Tuesday. A source familiar with the negotiations told Reuters the companies are close to reaching an agreement on …

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Executive Mosaic’s Weekly GovCon Round-up: Army Budget, Modernization, John Hillen and more

Weekly Roundup August 07 – August 11 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson At the tail-end of May the Department of Defense released its FY 2018 budget request, while the Comptroller of the Department of Defense published the Defense Budget Overview, …

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Unisys Elects Former USAF Secretary Deborah Lee James to Board of Directors

TYSONS CORNER, VA, Aug. 8, 2017 — Unisys (NYSE: UIS) has added former U.S. Air Force secretary Deborah Lee James to the company’s board of directors, where she brings more than 30 years of experience in the areas of homeland and national security, GovCon Executive reported Monday. “I look forward …

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Report: UTC Eyes Rockwell Collins Acquisition

United Technologies Corp. (NYSE: UTX) is exploring an acquisition of Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the global industrial conglomerate looks to further expand its aerospace business, Bloomberg reported Saturday. Sources familiar with the matter told Bloomberg it is yet unclear whether the two firms are in discussions over …

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Honeywell Added to $409M USAF Contract for Thermal, Power & Controls R&D Services

Honeywell International (NYSE: HON) has joined the list of awardees on a potential $409 million contract to research and develop thermal, power and controls technologies for future U.S. Air Force platforms and engines. The Defense Department said Friday Honeywell will perform work under the Next Generation Thermal, Power, and Controls program — a multi-government agency and industry …

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GE Lands Spot on $409M AF Thermal, Power, Controls R&D Contract

General Electric (NYSE: GE) has won a position on a potential $409 million U.S. Air Force contract to research and develop thermal, power and controls systems for aircraft engines and airframes. The Defense Department said Wednesday the Next Generation Thermal, Power, and Controls program is a multi-agency and industry effort that seeks …

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Air Force Adds Northrop, Pratt & Whitney to $409M Thermal, Power & Controls Devt IDIQ

Editor’s Note 7/13/17: The Defense Department said the contract for Pratt and Whitney was mistakenly announced on July 11 and has not yet been awarded. The U.S. Air Force has selected Northrop Grumman (NYSE: NOC) and United Technologies Corp.‘s (NYSE: UTC) Pratt and Whitney subsidiary as additional awardees on a potential seven-year, …

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Pratt & Whitney to Provide Initial Lot 11 F-35 Propulsion System Spares Under $340M Award

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a three-year, $339.6 million contract modification from the U.S. Navy to provide initial spares for the F-35 propulsion system. The Defense Department said Friday Pratt & Whitney will supply initial spare modules, parts and engines in support of the low-rate initial …

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Jerry Tarnacki, John Schneider Take New VP Roles at Aerojet Rocketdyne

Jerry Tarnacki, vice president of quality and mission assurance at Aerojet Rocketdyne (NYSE: AJRD), has been named senior VP of the firm’s newly created space business unit. Tarnacki will directly report to Eileen Drake, Aerojet’s president and CEO, and manage all programs related to defense, NASA, space and launch strategies, …

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Reports: DoD Seals $8.5B Deal With Lockheed for 90 F-35s

The Defense Department and Lockheed Martin (NYSE: LMT) have finalized an $8.5 billion contract for the manufacturer to supply 90 lot 10 F-35s, an order that is $728 million less than the cost of the previous batch of the fighter jets, Reuters reported Friday. Mike Stone writes the latest F-35 deal lowers the price of …

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