Tag Archives: UTC

United Technologies Corp.'s (NYSE: UTX) Collins Aerospace business has received a three-year, $310.5M contract modification to supply more than 400 radio systems to U.S. and foreign military customers.

United Technologies Corp.'s (NYSE: UTX) Collins Aerospace business has received a three-year, $310.5M contract modification to supply more than 400 radio systems to U.S. and foreign military customers.

Ellen Lord, defense undersecretary for acquisition and sustainment and a 2019 Wash100 winner, said the Department of Defense sees “no major concerns” with the proposed merger of Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX), Defense One reported Monday.

A McAleese and Associates report says Raytheon (NYSE: RTN) recorded $9.5B in new orders during the second quarter of 2019 with a book-to-bill ratio of 1.3x.

Collins Aerospace, a business unit of United Technologies Corp. (NYSE: UTX), has secured a potential $40.2M indefinite-delivery/indefinite-quantity contract to sustain training devices for the U.S. Air Force's E-8 Joint Surveillance Target Attack Radar System aircraft.

A new PwC report says the value of mergers and acquisitions in the global aerospace and defense industry was $58.3B in the second quarter of 2019 and the total deal value for year-to-date 2019 was $64.4B, increasing by 2.7x when compared with YTD 2018.

Jesus “Jay” Malave, a more than 20-year United Technologies Corp. (NYSE: UTC) veteran, has joined L3Harris Technologies (NYSE: LHX) as senior vice president and chief financial officer.

Pratt & Whitney, a subsidiary of United Technologies Corp. (NYSE: UTX), has secured a three-year, $358.5M contract modification to provide engines for a global pool of F-35 spare parts.

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.

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.