A United Technologies Corp. (NYSE: UTX) business unit has secured a potential 10-year, $2.5 billion contract to provide aviation-related spare parts and services to all U.S. military branches. UTC Aerospace Systems will perform work at various facilities in nine states through April 30, 2028, the Defense Department said Wednesday. The sole-source contract contains a …
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A General Atomics business unit will collaborate with several other companies to compete for the U.S. Navy’s carrier-based unmanned aerial refueling tanker program. General Atomics Aeronautical Systems Inc. said Monday it will work with Boeing (NYSE: BA); BAE Systems; United Technologies Corp.‘s (NYSE: UTC) Pratt & Whitney and aerospace systems business; L3 Technologies (NYSE: LLL); Rockwell Collins …
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The State Department has approved Belgium’s request to buy 34 Lockheed Martin-built (NYSE: LMT) F-35A conventional take-off and landing fighter aircraft from the U.S. government under a potential $6.53 billion foreign military sales agreement. Lockheed and United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary will serve as prime contractors in …
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Weekly Roundup December 11 – December 15 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson For this week’s roundup we’re taking a look at the current landscape of M&A activity in the government contracting market. 2017 is coming to a close and the …
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A United Technologies (NYSE:UTX) subsidiary has received a potential eight-year, $6.7 billion indefinite-delivery/indefinite-quantity contract to sustain F119 aircraft engines for the U.S. Air Force. Pratt and Whitney will perform contract work through December 2025 under the sole-source contract, the Defense Department said Thursday. Locations of work are Air Force bases in Alaska, California, Connecticut, Hawaii, Utah, New …
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Rockwell Collins (NYSE: COL) is set to hold a shareholder meeting on Jan. 11 to decide on proposals associated with United Technologies Corp.’s (NYSE: UTX) proposed $30 billion acquisition of the Cedar Rapids, Iowa-based avionics contractor. Rockwell Collins said Monday shareholders of record as of Dec. 8 will be eligible to …
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Weekly Roundup December 4 – December 8 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson In recent weeks the GovCon industry has experienced multiple significant executive shifts that are sure to leave an impact on the industry as a whole. Recent executive moves …
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United Technologies‘ (NYSE: UTX) Pratt & Whitney subsidiary has received a $353.2 million modification under a U.S. Navy contract for logistics sustainment work on propulsion systems designed to power the Lockheed Martin-built F-35 aircraft. Pratt & Whitney will support F-135 propulsion systems for F-35 jets of the Navy, the U.S. Air Force, the U.S. Marine …
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Air Force Secretary Heather Wilson has said she has no concerns on Northrop Grumman’s (NYSE: NOC) proposal to acquire Orbital ATK (NYSE: OA) and that the service branch intends to monitor the transaction’s progress, Defense News reported Tuesday. “Obviously, we watch these things and make sure that no matter [what] happens …
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Weekly Roundup September 11 – September 15 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week, let’s take a look at the current landscape of mergers and acquisitions in the GovCon sector. Notable M&A activity includes: CenturyLink adjusting the closing date of its …
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