:

Business/Financial

UTC Closes Goodrich Acquisition

Defense Daily Staff

Friday, July 27th, 2012

SHARE:

United Technologies Corp. [UTX] yesterday said it has completed is $18 billion acquisition of Goodrich Corp. after obtaining final regulatory approvals in the United States and Europe. The deal strengthens UTC's positions in the aerospace and defense markets. UTC said that the regulatory clearances require the company to sell Goodrich’s Electric Power Systems, and its Pumps and Engine Controls businesses. UTC will also sell Goodrich’s interest in the Aero Engine Controls joint-venture with Britain’s Rolls-Royce. These divestments were expected, UTC…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]