Lockheed Bids $9B For Sikorsky; May Spin Off IT, Tech Services
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WASHINGTON: Lockheed Martin’s planned purchase of Sikorsky Aircraft, the biggest U.S. helicopter manufacturer, is a natural fit that will mean a lot more to buyer Lockheed and seller United Technologies Corp. than it will for the military rotorcraft industry, present or future. Here’s why. First, the two companies have worked together on military helicopter programs for decades.… Keep reading →
PWR, Rocket Engine Maker, Commissions Fuel Cell to Help Save Energy
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Pratt & Whitney Rocketdyne, the rocket engine maker, celebrated another milestone in its effort to conserve energy and reduce waste with the commissioning of United Technology Corp.’s (UTC) first operational large (400kW) fuel cell in California’s San Fernando Valley.
Pratt Pleads Guilty To Illegal Weapons Sale To Chinese; UTC Parent Coughs Up $75M
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WASHINGTON: Just when United Technologies’s Pratt & Whitney subsidiary seemed to have put the troubles with its F135 engine for the Joint Strike fighter behind it, there comes news that the company violated the so-called Tianamen sanctions and illegally sold engine control software to China for use in an attack helicopter. Perhaps worse than the… Keep reading →
Crisis Grips America’s Space Program as Shuttle Era Ends
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Space Shuttle Atlantis is scheduled to lift off from Earth on July 8 and is the final space shuttle mission, ending a very successful program which has brought so much pride to the United States for more than three decades. Similar to when the Apollo program ended in 1975, this final flight is truly a… Keep reading →