Tag Archives: united technologies corp

Pratt & Whitney Lands Navy Contract Modification for F-35 Support Equipment, Depot Activation Services

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a three-year, $151.7 contract modification from the U.S. Navy to provide a range of F-35 Lightning II aircraft supplies and services. The Defense Department said Wednesday the modification covers initial spare modules, engine system trainers, support equipment and depot activation services and supplies …

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Christopher Cambria Named Mercury Systems SVP, General Counsel & Secretary

Christopher Cambria, formerly vice president, general counsel and secretary of Aerojet Rocketdyne Holdings (NYSE: AJRD), has joined Mercury Systems (Nasdaq: MRCY) as senior VP, general counsel and secretary at the Massachusetts-based processing subsystems producer. He will report directly to President and CEO Mark Aslett and oversee all legal and regulatory aspects of Mercury’s corporate …

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Navy Awards Lockheed, Pratt & Whitney Lot 10 F-35 Equipment, F135 Propulsion System Contracts

Lockheed Martin (NYSE: LMT) and United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary have received contracts from the U.S. Navy for lot 10 low-rate initial production of F-35 Lightning II aircraft and its F135 propulsion system. Pratt & Whitney secured a potential three-year, $1.5 billion contract modification to provide parts and components for …

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GE, UTC Awarded Air Force Adaptive Engine Design, Testing Support Contracts

A General Electric (NYSE: GE) subsidiary and United Technologies Corp. (NYSE: UTX) have each received a potential five-year, $1 billion contract to provide design, fabrication, testing and integration support services for the U.S. Air Force’s turbofan adaptive engines. The service branch awarded the sole-source contracts with priced options to GE Aviation and UTC …

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Darius Adamczyk Named Successor of Honeywell CEO Dave Cote

Darius Adamczyk, president and chief operating officer at Honeywell (NYSE: HON), will serve as the technology and manufacturing company’s CEO, effective March 31, 2017. Adamczyk will succeed Dave Cote, who will continue to serve as Honeywell’s executive chairman through April 2018 and then commence a five-year noncompete and consulting agreement with …

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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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