January 21, 2020M&A Activity, NewsComments Off on BAE’s US Arm to Buy Two Businesses From Raytheon, UTC’s Collins Aerospace; Jerry DeMuro Quoted
BAE Systems’ U.S. subsidiary has agreed to acquire two businesses that are being divested in order for United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) to secure the required antitrust approval for their pending merger.
January 14, 2020Executive Moves, NewsComments Off on Former HPE Exec Archana Deskus to Join Intel as SVP, CIO
Archana Deskus, former senior vice president and chief information officer of Hewlett-Packard Enterprise (NYSE: HPE), has been appointed to the SVP and CIO roles at Intel (Nasdaq: INTC) in a move that takes effect Jan. 30.
January 10, 2020NewsComments Off on Lockheed, Pratt & Whitney Named Prime Contractors in Singapore’s $2.75B FMS Request for F-35B Aircraft, Engines
The State Department has cleared Singapore's request to procure Lockheed Martin-built (NYSE: LMT) fighter jets and Pratt & Whitney-made aircraft engines through a potential $2.75B foreign military sales agreement.
January 8, 2020Contract Awards, NewsComments Off on Collins Aerospace Receives FAA Virtual Reality Trainer Order
Collins Aerospace, a business unit of United Technologies Corp. (NYSE: UTX), has received an order from the Federal Aviation Administration to supply a head-up display virtual reality technology for the agency's scientific research efforts.
December 26, 2019Contract Awards, NewsComments Off on Pratt & Whitney Secures $456M Contract Modification for Lot 14 F-35 Propulsion Tech Engineering, Tooling Services
The U.S. Navy has awarded United Technologies Corp.'s (NYSE: UTX) Pratt & Whitney subsidiary a $455.5M contract modification to provide lot 14 aircraft propulsion systems to non-Department of Defense participants of the F-35 program.
December 2, 2019Contract Awards, NewsComments Off on Pratt & Whitney Awarded $522M Contract Modification for F-35 Propulsion Tech Logistics Support
Pratt & Whitney, a subsidiary of United Technologies Corp. (NYSE: UTX), has received a one-year, $521.9M modification to a U.S. Navy contract for logistics sustainment work on the F-35 propulsion system.
November 1, 2019M&A Activity, NewsComments Off on PwC: Global Aerospace and Defense M&A Deal Value Reached $11.1B in Q3 2019
A new PwCreport says the value of global mergers and acquisitions in the aerospace and defense sector was $11.1B in the third quarter of 2019 and the total deal value for year-to-date 2019 was $80.3B, increasing by 2.8x when compared with YTD 2018.
October 24, 2019Executive Moves, NewsComments Off on Roy Azevedo, Wesley Kremer to Serve as Presidents of Consolidated Raytheon Businesses Post-UTC Merger
Two presidents have been appointed to lead the Raytheon (NYSE: RTN) businesses that will be consolidated once the Waltham, Mass.-based defense contractor and United Technologies Corp. (NYSE: UTX) complete their merger.