United Technologies Corp. (NYSE: UTX) has promoted 14-year company veteran Christopher Calio as president of UTC's Pratt & Whitney subsidiary in a move that will take effect in early 2020. He will succeed Robert Leduc, who is due to retire from the company next year after a four-decade career, UTC said Tuesday.Read More »
The planned merger between Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) comes as the aerospace-and-defense sector anticipates slower growth in the Department of Defense’s spending and as DoD sets its sights on hypersonic missiles, space systems and other new priorities, The Wall Street Journal reported Wednesday.Read More »
Greg Hayes, chairman and CEO of United Technologies Corp. (NYSE: UTC), has said that both UTC and Raytheon (NYSE: RTN) agreed on implementing a "platform agnostic" approach for technology offerings of the future merged company. The two contractors signed an all-stock deal that will create a systems provider across aerospace and defense segments.
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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.Read More »
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 …Read More »
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 …Read More »
Diane Bryant, a 32-year veteran of Intel (Nasdaq: INTC) and former chief operating officer of Google‘s (Nasdaq: GOOGL) cloud business, has been appointed an independent director at Broadcom‘s (Nasdaq: AVGO) board of directors. Broadcom said Monday Bryant has more than three decades of leadership experience in the semiconductor, enterprise information technology …Read More »