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UTC Aerospace Systems announced layoffs at Ithaco Space Systems in August 2012 due to Ithaco having been "focused on space programs that have recently seen slower growth", and further layoffs at former Hamilton Sundstrand. [6]
The new company reported $26 billion of combined sales in 2019 and is composed of 68,000 employees. [1] [6] In 2020 United Technologies merged with Raytheon Company to form Raytheon Technologies. In July 2023, Collins agreed to sell its actuation and flight controls business unit to French multinational Safran in an all-cash deal worth $1.8 ...
Hamilton Sundstrand space suit, on exhibit at the New England Air Museum. Hamilton Sundstrand was the prime contractor for NASA’s space suit/Primary Life Support System and produced environmental control, life support, mechanical systems, and thermal control systems for international space programs.
Planet Labs, which went public in 2021, shed 10% of its roughly 1,000 employees earlier this month, citing the tough economy and the company's overly fast expansion.
Defense contractor Northrop Grumman told its employees that about 1,000 jobs could be cut in Southern California after lost a big satellite contract.
Northrop Grumman could cut as many as 550 jobs at its Redondo Beach and Manhattan Beach aerospace facilities after laying off several hundred employees earlier this year.
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. [1] It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others.
Boeing Co. (NYSE: BA) did pretty much what we expect other aerospace and defense companies to do. The company waited for the outcome of the presidential election, and now it is outlining how it ...