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Chenevert Elected As UTC’s Next Chairman

United Technologies Corp. [UTX] yesterday said that Louis Chenevert, the company's president and CEO, has been elected to succeed George David as chairman of the company beginning Jan. 1, 2010. Chenevert, 52, became president of UTC and a board member in 2006, initiating the leadership transition at the multi-industrial company. He succeeded David, 67, as CEO last year. "The board is delighted with Louis' growth into these most senior responsibilities and looks forward to years of his continued and exceptional…

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Congress Updates

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]


SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]


SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]


Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said.  Jesse Tolleson, […]