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.
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.
Will Connecticut learn anything from UTC’s departure?
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 – 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.
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.
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.
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.
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.
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.
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.
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.