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Tag Archives: united technologies corp

Former CENTCOM Commander Lloyd Austin Joins UTC Board of Directors; Gregory Hayes Comments

Lloyd Austin, former U.S. Central Command commander, has been elected to join United Technologies Corp.‘s (NYSE: UTX) board of directors. UTC said Wednesday the retired U.S. Army general will join the company on Sept. 1 and become one of 14 board members. Austin served in the Army for over 41 years and held various command …

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UTC Subsidiary Lands Potential $64M Contract From AF for F119 Sustainment Services

United Technologies Corp.‘s (NYSE: UTX) Pratt and Whitney business unit has secured a potential $64 million contract modification from the U.S. Air Force for F119 engine sustainment services. The Defense Department said Wednesday the Air Force Life Cycle Management Center will obligate $48 million from fiscal 2016 operations and maintenance funds. …

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GovCon Index Defense & Services Primes Report Mixed 1Q Earnings; Boeing Misses

Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one for the second …

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Lockheed Boosts 2016 Earnings, Revenue Outlook

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based aerospace and …

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Chris Pehrson: Air Force Flew General Atomics ‘Avenger’ With UTC Sensor

TYSONS CORNER, VA, April 22, 2016 — The U.S. Air Force has flown a General Atomics-built Predator C Avenger unmanned aerial vehicle carrying sensors from United Technologies Corp. (NYSE: UTX) in a series of flight demonstrations, ExecutiveBiz reported Tuesday. Chris Pehrson, strategic development senior director at General Atomics’ aeronautical systems business, …

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Boeing’s Aviall Arm Appoints Eric Strafel as President, CEO

Eric Strafel, a former vice president in the military aircraft business at Boeing (NYSE:BA), will transition into a new role as president and CEO of the airplane maker’s supply chain management services subsidiary Aviall., the companies said Friday. Dallas-based Aviall provides new aviation parts and other aftermarket services to both commercial and defense …

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Boeing Taps UTC Subsidiary to Produce Aircraft Landing Gear Systems

TYSONS CORNER, VA, February 11, 2016 — UTC Aerospace Systems has received a subcontract from Boeing (NYSE: BA) to produce landing gear systems for U.S. Air Force aircraft, ExecutiveBiz reported Wednesday. The United Technologies Corp. (NYSE: UTX) subsidiary said Tuesday it will provide the landing gear for the Boeing-built C-17 Globemaster III aircraft and AH-64E Apache helicopters. …

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Rahul Ghai to Take SVP, CFO Roles at Harris; William Brown Comments

Rahul Ghai, currently vice president of finance integration at Harris Corp. (NYSE: HRS),  has been appointed to succeed the departing Mick Lopez as senior vice president and chief financial officer in a move that takes effect Feb. 11. Ghai will bring more than 20 years of financial leadership experience to his new roles …

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State Dept Clears $2B Sale of F-16 Weapons, Logistics Services to Iraq

The State Department has approved Iraq’s request to buy munitions, weapons, related equipment and logistics support services for F-16 fighter jets from the U.S. government under a potential $1.95 billion foreign military sales agreement. The Defense Security Cooperation Agency said Wednesday that Iraq will use the weapons systems and logistics services to support …

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Pratt & Whitney, DoD Agree on Lot 9 & 10 F-35 Propulsion Engine Production

A United Technologies Corp. (NYSE: UTX) subsidiary has reached an agreement with the Defense Department to produce lots 9 and 10 of F135 engines for the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II aircraft. Pratt & Whitney will build 167 F135 low-rate initial production propulsion engines for the three F-35 variants and provide …

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