Aerospace Group:

Business/Financial

Justice Department Okays UTC’s Deal For Rockwell Collins, With Conditions

By Cal Biesecker

Tuesday, October 2nd, 2018

SHARE:

Justice Department Okays UTC’s Deal For Rockwell Collins, With Conditions

Rockwell Collins' products include cockpit avionics. Photo: Rockwell Collins

The Department of Justice on Monday evening approved United Technologies Corp.’s [UTX] pending $30 billion acquisition of Rockwell Collins [COL], although the government requires UTC to divest two Rockwell Collins’ business units to preserve competition in the marketplace.The government said that UTX must divest the pneumatic ice protection systems and trimmable horizontal stabilizer business units to resolve competitive concerns. A complaint filed on Oct. 1 by the Justice Department said that UTC and Rockwell Collins are two of three suppliers…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]