Federal officials are quietly weighing a proposed merger between Raytheon and United Technologies, and there is no early indication that they will throw up much objections to the marriage.
United Technologies Corp. may have to part ways with its military radio navigation unit if it hopes to complete its pending merger with defense contractor Raytheon, company officials said Wednesday.
United Technologies Corp. on Tuesday announced multiple key personnel changes, including the pending retirement of its Chief Financial Officer Akhil Johri.
Shareholders of United Technologies Corp. and defense contractor Raytheon Friday morning overwhelmingly approved the companies’ planned $120 billion merger, which includes relocating UTC’s Farmington headquarters to Massachusetts, where Raytheon is based.
The Pentagon has awarded a modified $2.2 billion contract to East Hartford’s Pratt & Whitney Co. to supply variations of its F135 jet engines powering warplanes for the U.S. military and allies.
Connecticut’s efforts to sustain its defense-manufacturing sector will take it to the nation’s capitol midweek, as 15 companies meet with defense procurement officials from 22 countries representing potentially billions in future sales of goods and services, authorities say.
East Hartford jet-engine builder Pratt & Whitney, underway with its biggest hiring ramp-up in a generation, says it’s offering financial packages to urge its longest-tenured workers to either retire or leave.
United Technologies Corp. and Massachusetts defense contractor Raytheon plan to put their prospective merger to a vote at simultaneous shareholders meetings on Oct. 11, according to documents filed Wednesday with the U.S. Securities and Exchange Commission.
The U.S. Defense Department currently has no plans to intervene in the pending mega-merger between Farmington-based United Technologies Corp. and Massachusetts defense contractor Raytheon, a high-ranking agency official told reporters at a press briefing Monday.