Aerospace Group:

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…

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 […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]