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Tag Archives: united technologies corp

UTC Names Judy Marks, David Gitlin as CEOs of Future Independent Firms Otis, Carrier

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).

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Raytheon, UTC Announce All-Stock Merger; Thomas Kennedy, Greg Hayes Quoted

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.

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Pratt & Whitney Receives $3.2B Modification on F-35 Propulsion System Production, Delivery Contract

United Technologies Corp.'s Pratt and Whitney has secured a $3.24B contract modification to produce 233 propulsion systems for the F-35 program. Pratt and Whitney will provide 56 F135 propulsion systems to the U.S. Air Force, 10 to the Navy, 24 to the U.S. Marine Corps and 143 to non-defense and foreign military sales customers, the Department of Defense said Friday.

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Pratt & Whitney Gets $202M Contract Modification for Lot 14 F-35 Propulsion Systems

Pratt & Whitney, a subsidiary of United Technologies Corp. (NYSE: UTX), has secured a three-year, $201.9M contract modification from the U.S. Navy to obtain long lead parts and materials needed to produce lot 14 propulsion systems for the F-35 aircraft. The modification combines orders from the Navy, Air Force, Marine …

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Collins Aerospace to Help Air Force Develop ISR Sensor Tech Under $93M Contract

Collins Aerospace, a business unit of United Technologies Corp. (NYSE: UTX), has received a potential $92.8M contract to support the U.S. Air Force in the development of a next-generation intelligence, surveillance and reconnaissance sensor technology. The contractor will help the Air Force Research Laboratory examine and integrate electro-optical, infrared, radio …

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Pratt & Whitney Vet Kevin Martin Joins Cadence Aerospace as CIO

Cadence Aerospace, a portfolio company of investment firm Arlington Capital Partners, has named former Pratt & Whitney executive Kevin Martin as chief information officer. The more than 30-year industry veteran most recently served as associate director of military engines business development at the United Technologies Corp. (NYSE: UTX)  subsidiary, Cadence Aerospace said Tuesday. His …

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Pratt & Whitney to Help Test F-35 Block 4 Propulsion System Under $230M Navy Contract

United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary has received a five-year, $230.1M contract from the U.S. Navy to support flight testing of a new F-35 aircraft propulsion system. Pratt & Whitney will help test F-35 Block 4 engine technology for Navy, the U.S. Air Force, U.S. Marine Corps and non-Department of Defense …

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Eight Firms to Help Air Force Develop Open Architecture Standards

Eight companies have secured contracts worth $22.5M combined to develop, manage and update a set of Open Architecture standards for the U.S. Air Force. The contractors will work as a single entity to create and offer configuration control for Universal Command and Control Interface and Open Mission systems standards, the …

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Pratt & Whitney to Continue F-35 Propulsion Tech Sustainment Work Under $400M Contract Modification

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a one-year, $399.8M contract modification from Naval Air Systems Command to provide sustainment services for the F-35 aircraft propulsion technology. Pratt & Whitney’s military engines division will continue to sustain F135 propulsion systems for the U.S. Navy, U.S. Marine Corps, U.S. Air Force,non-Defense …

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