Tag Archives: UTC

General Atomics Announces Teammates for Navy’s Stingray Tanker Drone Requirement

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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State Dept Clears $6.53B Lockheed-Built F-35A Aircraft Sale to Belgium

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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Executive Mosaic’s Weekly GovCon Round-up: Recent M&A Activity in the GovCon Market

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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USAF Awards Potential $6.7B Aircraft Engine Sustainment IDIQ to Pratt & Whitney

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 Shareholders Set Jan. 11 Vote on UTC Deal

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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Executive Mosaic’s Weekly GovCon Round-up: Recent Executive Moves in the GovCon Industry

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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Pratt & Whitney Gets $353M Modification on F-35 Propulsion Tech Sustainment Contract

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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Heather Wilson: Air Force to Keep an Eye on Northrop-Orbital ATK Merger Plan

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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Executive Mosaic’s Weekly GovCon Round-up: The Landscape of M&A in GovCon

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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Greg Hayes: UTC-Rockwell Collins Merger Deal Aims to Advance Digital Platforms, Predictive Analytics

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 …

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