Sign In
Search
Pentagon

‘No Major Concerns’ with Forthcoming Raytheon-UTC Merger, Says DoD’s Lord

Vivienne Machi By
SHARE:
‘No Major Concerns’ with Forthcoming Raytheon-UTC Merger, Says DoD’s Lord
Under Secretary of Defense for Acquisition and Sustainment Ellen M. Lord holds a press briefing to update media on acquisition, reform and innovation, at the Pentagon, Washington, D.C., Aug. 26, 2019. (DoD photo by U.S. Navy Petty Officer 2nd Class James K. Lee)

The Defense Department does not currently see any issues with the recently announced merger of Raytheon [RTN] and United Technologies Corp. [UTX], the undersecretary for acquisition and sustainment said Aug. 26. The two companies announced in June plans to consolidate Raytheon with UTC’s aerospace sector to create a $73.6 billion defense aerospace business by early next year (Defense Daily, June 9). Combined, the proposed Raytheon Technologies would become the second largest U.S. defense and aerospace firm behind Boeing [BA]. Since…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Army

Army Officially Launches ‘Amazon-Like’ UAS Marketplace

Business/Financial

DoD In New Framework Deals To Speed Production Of PrSM, THAAD Seekers, Various Subsystems

Business/Financial

Science Committee Dem Wants Commerce Department To Explain USA Rare Earth Investment

Business/Financial

Lockheed Martin, Workers Building F-35, Begin Contract Negotiations

Trending

Hanwha Plans Alabama Site To Support U.S. Production Of K9MH Howitzer It’s Offering To U.S. Army
Navy Issues RFP For T-45 Trainer Aircraft Replacement
More Than $1 Billion Capacity Investment Will Help Boost F135 Production, Pratt & Whitney Says
Rocket Lab Gets German Approval To Acquire Mynaric
Autonomous Vessel Developer Saronic Raises $1.8 Billion To Accelerate Production, Add Capacity

Congress Updates

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 […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume