Tag Archives: UTC

United Technologies Corp. (NYSE: UTX) has announced plans to divide into three independent companies after it completed its $30B purchase of Rockwell Collins (NYSE: COL). UTC said Monday it will combine its aerospace systems business with Rockwell Collins to form Collins Aerospace Systems and expects the transaction to be $0.15 to $0.20 …

Chinese regulators have given United Technologies Corp. (NYSE: UTX) the green light to pursue its planned $30B acquisition of Rockwell Collins (NYSE: COL). UTC said Friday the approval marks the final regulatory clearance the company needed to complete its purchase of the Cedar Rapids, Iowa-based avionics contractor. Farmington, Conn.-based conglomerate UTC agreed …

TYSONS CORNER, VA, November 6, 2018 — A joint venture between PAE and AOC has tapped a business unit of United Technologies Corp. (NYSE: UTX) to supply an optical and laser designation payload for the Resolute Eagle drone, ExecutiveBiz reported Oct. 9. PAE ISR said Oct. 8 UTC Aerospace Systems will provide the TASE400 …

The Justice Department has given antitrust approval to United Technologies Corp. (NYSE: UTX) to pursue its approximately $30B acquisition of Rockwell Collins (NYSE: COL), Bloomberg reported Tuesday. UTC announced in September 2017 that it agreed to pay approximately $23B in cash and stock and assume $7B in net debt from the Cedar Rapids, …

United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary has won a potential eight-year, $250M contract to develop turbine propulsion, power and thermal systems for the U.S. Air Force. Pratt & Whitney will also demonstrate and transition the platforms under the first phase of USAF’s Advanced Turbine Technology for Affordable Mission-Capability …

United Technologies Corp. (NYSE: UTX) has received a five-year, $2.46B modification to an existing contract for the delivery of depot level repairables and consumable parts in support of the U.S. Air Force. The Defense Logistics Agency awarded the modification that raises the base contract’s value to $4.93B and brings the …

United Technologies Corp. (NYSE: UTX) has received a $436.7M contract modification from the U.S. Air Force to execute risk reduction efforts related to air superiority applications of a flight-weight adaptive engine. The modification falls under a previously awarded contract that covers the design, development, fabrication and test of next-generation propulsion technology, the …

The U.S. Navy has awarded 23 companies positions on a potential five-year, $794.5 million contract to support the development and fabrication of unmanned undersea vehicles. The Defense Department said Monday the Naval Undersea Warfare Center Division received 28 offers for the indefinite-delivery/indefinite-quantity contract that will run through July 2023. Contractors …

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said the company is “on track” with the regulatory clearance process and in the final phase of completion with regard to its pending $30 billion acquisition of Rockwell Collins (NYSE: COL), The Gazette reported Tuesday. “We expect the transaction to close here …

United Technologies Corp.‘s (NYSE: UTX) aerospace systems unit has secured contracts worth more than $140 million to help the update propeller systems in the U.S. Navy‘s C/KC-130T aircraft. The UTC Aerospace Systems business has also completed nine of 12 contracted propeller upgrades for the Air National Guard’s C-130H planes, the company said said Monday. NATO’s support …