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United Technologies Replaces KeyW on GovConIndex, Dana Deasy Receives New Role, Massive Contract Awards & Weekly Top 10 Stories

Following Jacobs Engineering Group’s (JEC) official acquisition of KeyW on June 12th, United Technologies Corp. (UTX) has replaced KeyW as a member of the GovConIndex. You can find the daily performance of the GovCon industry, the latest financial news and expert analysis on the GovConIndex right here. UTX joins the …

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Executive Mosaic Updates GovConIndex; UTC Replaces KeyW

Executive Mosaic management has updated the GovConIndex to replace KeyW as a member of the “GovCon30” with United Technologies Corp. (UTX) following the completion of Jacobs Engineering Group’s (JEC) acquisition of KeyW on June 12th. UTC joins the GovConIndex as one of 30 publicly traded GovCon firms to represent a cross-industry analysis of the overall performance of the GovCon sector.

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Raytheon-UTC Deal Comes as DoD Eyes New Priorities; Pierre Chao Offers Insight on M&A Trend

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.

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UTC Names Judy Marks, David Gitlin as CEOs of Future Independent Firms Otis, Carrier

United Technologies Corp. (NYSE: UTX) has appointed Judith Marks, president of Otis since 2017 and a three-time Wash100 winner, as CEO of UTC’s elevators manufacturing subsidiary. Marks previously served as CEO of Siemens USA and head of the industrial conglomerate’s Dresser-Rand business. She also held senior leadership positions at Lockheed Martin (NYSE: LMT) and IBM (NYSE: IBM).

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Raytheon, UTC Announce All-Stock Merger; Thomas Kennedy, Greg Hayes Quoted

Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) have agreed to merge in an all-stock deal that will establish a platform-agnostic technology provider within aerospace and defense segments. The combined company will operate as Raytheon Technologies and be headquartered in the greater Boston metro area upon the deal’s completion, which is expected in the first half of 2020, the firms said in a joint statement published Sunday.

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Eight Firms to Help Air Force Develop Open Architecture Standards

Eight companies have secured contracts worth $22.5M combined to develop, manage and update a set of Open Architecture standards for the U.S. Air Force. The contractors will work as a single entity to create and offer configuration control for Universal Command and Control Interface and Open Mission systems standards, the …

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