United Technologies

By Michael Bruno
Raytheon Technologies is on its way to cutting at least 15,000 employees in response to the company’s recent merger and the fallout from COVID-19, the aerospace and defense giant’s CEO told an investor conference, and likely more will occur.
Aircraft & Propulsion

By Michael Bruno
Total deal value in 2019 grew 62% to almost $94 billion compared with 2018, PwC says.
Defense

By Michael Bruno
BAE Systems’ move to bulk up its U.S. defense subsidiary with the acquisitions of a core piece of the erstwhile Rockwell Collins and a competitor unit to rival prime L3Harris Technologies will come at a premium, analysts said.
Defense

By Jen DiMascio
BAE is expected to pay $1.925 billion for Collins’ GPS business and another $275 million for Raytheon’s radio business
Defense

By Michael Bruno
Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.
Air Transport