Tag Archives: UTC

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said UTC’s move to acquire Rockwell Collins (NYSE: COL) under an estimated $30 billion deal seeks to advance the development of digital platforms for the aviation sector, Reuters reported Tuesday. Hayes told Reuters the proposed acquisition also aims to facilitate the adoption of …

United Technologies Corp. (NYSE: UTX) has agreed to purchase Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) through an estimated $30 billion transaction in a move to establish a new aerospace systems supplier that will work to meet the evolving needs of global clients. Farmington, Connecticut-based conglomerate UTC said Monday it will pay …

United Technologies Corp. (NYSE: UTX) is close to finalizing an agreement to buy Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the industrial conglomerate aims to expand its aerospace business, Reuters reported Tuesday. A source familiar with the negotiations told Reuters the companies are close to reaching an agreement on …

Weekly Roundup August 07 – August 11 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson At the tail-end of May the Department of Defense released its FY 2018 budget request, while the Comptroller of the Department of Defense published the Defense Budget Overview, …

TYSONS CORNER, VA, Aug. 8, 2017 — Unisys (NYSE: UIS) has added former U.S. Air Force secretary Deborah Lee James to the company’s board of directors, where she brings more than 30 years of experience in the areas of homeland and national security, GovCon Executive reported Monday. “I look forward …

United Technologies Corp. (NYSE: UTX) is exploring an acquisition of Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the global industrial conglomerate looks to further expand its aerospace business, Bloomberg reported Saturday. Sources familiar with the matter told Bloomberg it is yet unclear whether the two firms are in discussions over …

Honeywell International (NYSE: HON) has joined the list of awardees on a potential $409 million contract to research and develop thermal, power and controls technologies for future U.S. Air Force platforms and engines. The Defense Department said Friday Honeywell will perform work under the Next Generation Thermal, Power, and Controls program — a multi-government agency and industry …

General Electric (NYSE: GE) has won a position on a potential $409 million U.S. Air Force contract to research and develop thermal, power and controls systems for aircraft engines and airframes. The Defense Department said Wednesday the Next Generation Thermal, Power, and Controls program is a multi-agency and industry effort that seeks …

Editor’s Note 7/13/17: The Defense Department said the contract for Pratt and Whitney was mistakenly announced on July 11 and has not yet been awarded. The U.S. Air Force has selected Northrop Grumman (NYSE: NOC) and United Technologies Corp.‘s (NYSE: UTC) Pratt and Whitney subsidiary as additional awardees on a potential seven-year, …

Jerry Tarnacki, vice president of quality and mission assurance at Aerojet Rocketdyne (NYSE: AJRD), has been named senior VP of the firm’s newly created space business unit. Tarnacki will directly report to Eileen Drake, Aerojet’s president and CEO, and manage all programs related to defense, NASA, space and launch strategies, …