Those conditions include the sale of a UTC facility in Danbury.
United Technologies
Posted inPolitics
Feds likely to approve of Raytheon, UTC deal
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.
Posted inNews
Pentagon to take a ‘hard look’ at Raytheon, UTC tie up
There are also grumblings in Congress about the deal, which would further consolidate the defense industry.
Posted inMoney
On way out, UTC cushions the fallout for Lamont
UTC’s Greg Hayes is the one leaving, but he left a parting gift for the governor.
Posted inEconomic Development
UTC’s exit: Relief & recriminations, but little introspection
Will Connecticut learn anything from UTC’s departure?
Posted inMoney
UTC consolation: Otis to remain, Pratt to hire 1,000
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 […]
Posted inNews, Politics
UTC-Raytheon merger may hit bumps on way to completion
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.
Posted inPolitics
Whistleblower accuses Pratt & Whitney of selling government defective jet engines
WASHINGTON – A whistleblower says Pratt & Whitney and its parent company, United Technologies Corp., sold the Pentagon tens of millions of dollars in defective fighter jet engines, unnecessarily exposing military pilots to the risk of catastrophic engine failures.
Posted inMoney, Politics
Federal government shuts down, CT to feel aftershock
WASHINGTON — Connecticut residents will still get their mail and Social Security checks, but the shutdown of the federal government will reverberate through state agencies – especially those that are most reliant on federal grants and federal workers — and many in the state would eventually feel an impact.
Posted inNews
UTC chief quits Trump advisory group as White House disbands it
WASHINGTON — United Technologies CEO Gregory Hayes said he was quitting President Donald Trump’s American Manufacturing Council. “As the events of last week have unfolded here in the U.S., it is clear that we need to collectively stand together and denounce the politics of hate, intolerance and racism,” Hayes said.
Posted inPolitics
Clinton out-raises Trump in CT defense-industry campaign cash
WASHINGTON — Following a national trend, Connecticut’s defense workers and their bosses overwhelmingly gave to the campaign of Hillary Clinton while slighting that of Donald Trump. According to a Connecticut Mirror analysis, as of the end of August, the Clinton campaign raised more than $56,000 from individuals who work for the state’s defense industry, while the Trump campaign raised only $3,094.
Posted inMoney, Politics
Pentagon slams Lockheed’s bid to purchase Sikorsky
WASHINGTON – While the Justice Department has given Lockheed Martin’s proposal to purchase Sikorsky Aircraft the thumbs up, the Pentagon on Wednesday frowned on the deal, saying it would lead to too much consolidation in the defense industry.
Posted inPolitics
Analysts: Lockheed Martin purchase fortunate break for Sikorsky, Connecticut
WASHINGTON — Some may lose jobs and a few Connecticut companies may lose contracts, but Lockheed Martin’s purchase of Sikorsky Aircraft is likely to anchor the helicopter maker in Stratford and increase it’s share of Pentagon contracts and the overseas market, analyst say.
Posted inNews
In buying stocks, CT lawmakers like blue chips and mutual funds
WASHINGTON — The STOCK Act, a bill signed into law by President Obama in 2012, has opened the door a crack wider on the financial dealings of members of Congress.
Posted inNews
When it comes to trade pact, Himes is the man in the middle
WASHINGTON – Rep. Jim Himes has emerged as a key, swing vote as President Obama struggles to win congressional support for a new trade pact with 11 other nations that ring the Pacific Ocean.