Tag Archives: UTC

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.

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.

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.

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. 

The U.S. Navy has awarded United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary a potential $762.5M contract modification to produce and deliver lot 14 F135 propulsion systems.

A new PwC report 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.

Raytheon (NYSE: RTN) and Vista Equity Partners are in discussions over the value of Forcepoint, a joint cybersecurity venture the companies formed in 2015, Inside Defense reported Thursday.

Neil Mitchill, vice president and chief financial officer of United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary, has been appointed to serve as UTC CFO on an acting basis, the Wall Street Journal reported Tuesday.

The U.S. Navy has awarded United Technologies Corp. (NYSE: UTX) a potential four-year, $325.2M contract to provide aircraft maintenance equipment and depot activation planning support for the F-35 program.

Gail Baker, a more than 30-year veteran of United Technologies Corp. (NYSE: UTX), has been named vice president of aftermarket services at UTC's Collins Aerospace business.