Those conditions include the sale of a UTC facility in Danbury.
Although it would boost defense industry consolidation, there is little overlap between Raytheon and UTC that would pose anti-trust issues for the federal government.
Acting Secretary of Defense Patrick Shanahan resigned Tuesday in the wake of news reports of incidents of domestic violence.
There are also grumblings in Congress about the deal, which would further consolidate the defense industry.
UTC’s Greg Hayes is the one leaving, but he left a parting gift for the governor.
Greg Hayes Gov. Ned Lamont said Tuesday that the headquarters of Otis Elevator will remain in Connecticut after its spinoff from United Technologies Corporation, and the conglomerate intends to hire 1,000 workers at UTC’s Pratt & Whitney facilities in the state. Greg Hayes, the chairman and chief executive of UTC, shared that news with the […]
President Donald Trump and Sen. Richard Blumenthal were among those who voiced concerns on Monday that the merger would hurt competitiveness in the defense industry.
WASHINGTON – Dan Schultz doesn’t like to talk about it, but he flew a harrowing rescue mission to Mogadishu, Somalia, in 1991 in a Sikorsky Super Stallion chopper. Now at the company’s helm, he says he plans no big, immediate changes at Sikorsky.