Rapid Fire June 29, 2012: Win Some, Lose Some
- United Technologies subsidiary Pratt & Whitney Canada pleaded guilty to violating the Arms Export Control Act and making false statements in connection with its export to China of US-origin military software used in the development of China’s Z-10 attack helicopter. UTC and its involved subsidiaries settled with the US Justice and State departments for more than $75M.
- General Dynamics is discussing with Earl Industries about acquiring some of its ship-repair business units. The process is reportedly well underway.
- A strong majority of workers have agreed to the deal their union negotiated with Lockheed Martin to end their 10-week strike in Fort Worth. They will be back to work on Monday with relatively little to show for the strike.