Tag Archives: UTC

Lockheed Named Largest Contract Recipient in DOD’s Fiscal 2019 State-Level Spending Report

FY 2019 defense spending by state report

A state-by-state analysis of Department of Defense spending showed Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) took the first three spots on a list of top 10 contract awardees during fiscal year 2019. The list also includes General Dynamics (NYSE: GD), BAE Systems, Huntington Ingalls Industries (NYSE: HII), Humana (NYSE: HUM), L3 Technologies, which now operates as L3Harris Technologies (NYSE: LHX) after it merged with Harris, Raytheon and United Technologies Corp. Raytheon and UTC merged in April 2020 and the combined entity now runs as Raytheon Technologies (NYSE: RTX).

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BAE Closes Purchase of Collins Aerospace’s Military GPS Business

BAE Systems

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.

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Report: BAE to Build $139M Defense Aerospace Facility in Iowa

BAE Systems

BAE Systems plans to develop a $139M classified facility in Cedar Rapids, Iowa, and create 650 jobs in the city, The Gazette reported Friday. Construction work on the proposed 200K-square-foot defense aerospace facility is expected to kick off by October and conclude by September 2022. Ryan Companies US will serve as the project’s developer.

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Dave Wajsgras, Ron Moultrie Named to Altamira Board; Ted Davies Comments

Ted Davies

Dave Wajsgras, a former Raytheon executive and a 2020 Wash100 Award winner, and Ron Moultrie, a former senior national security official, have joined the board of directors of Altamira Technologies. “The management team at Altamira is thrilled to be able to work directly with Dave and Ron as we continue to grow our business, attract top talent and delight current and new customers across the defense and intelligence community," Ted Davies, CEO of Altamira and a former Wash100 inductee, told GovCon Wire.

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K. Christopher Farkas Promoted to Curtiss-Wright VP, CFO

K. Christopher Farkas, vice president of finance and corporate controller at Curtiss-Wright (NYSE: CW), has been promoted to VP and chief financial officer of the company. He succeeds the retiring Glenn Tynan, who will help facilitate the transition by continuously serving as a VP until fall 2020, and will report directly to David Adams, chairman and CEO of Curtiss-Wright, the company said Thursday.

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