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Tag Archives: UTC

Christopher Calio to Become Pratt & Whitney President in 2020; Greg Hayes Quoted

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.

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Raytheon-UTC Deal Comes as DoD Eyes New Priorities; Pierre Chao Offers Insight on M&A Trend

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.

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