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Fund Established to Support Nonprofits Providing Supervised Learning for Students

A fund has been established to support nonprofit organizations providing assistance for local students during this time of virtual learning.

The Remote Learning Supervision Fund is a collaborative effort of the Huntsville/Madison County Chamber, The Schools Foundation, and the Community Foundation of Greater Huntsville. Toyota Alabama, Raytheon Technologies, and The Junior League of Huntsville provided the initial $50,000 to start the fund. The deadline for donations for the initial round of grants is Sept. 25, and grant applications will be open soon.

The fund is for nonprofits that provide supervised learning for students in Huntsville, Madison, and
Madison County school districts that are operating remotely, running staggered schedules, or temporarily closed because of COVID-19 cases.

“While all three public school systems are operating virtually for the first nine weeks, schedules could adjust as the school year proceeds, and students will continue to need support,” said Lucia Cape, the Chamber’s Senior Vice President of Economic Development, Industry Relations and Workforce. “We are thankful for all of the organizations who have stepped up to provide expanded services to support children, and this fund is intended to help provide scholarships and subsidies for parents who cannot afford existing options.”

As the first donor, Toyota created the momentum to get it started.

“Toyota is proud to support this initiative in collaboration with fellow community members,” said Kim Ogle, Toyota Motor North America Communications Manager. “We’re grateful to do our part and see our community come together and help each other during this unprecedented time.”

For information, visit hsvchamber.org.

Raytheon, United Technologies ‘Merger of Equals’ Creates Defense-Aerospace Giant

Raytheon and United Technologies have announced an all-stock agreement the two companies call a merger of equals.

It will also create the defense-aerospace giant Raytheon Technologies with an expected $74 billion in annual sales, second only to Boeing’s $101 billion. The transaction website is www.futureofaerospacedefense.com.

Both companies have a significant presence in Huntsville. 

“Today is an exciting and transformational day for our companies, and one that brings with it tremendous opportunity for our future success,” said Tom Kennedy, Raytheon chairman/CEO. “Raytheon Technologies will continue a legacy of innovation with an expanded aerospace and defense portfolio supported by the world’s most dedicated workforce.

“With our enhanced capabilities, we will deliver value to our customers by anticipating and addressing their most complex challenges, while delivering significant value to shareowners.”

The merger of Raytheon, a leading defense company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defense technologies.

“The combination of United Technologies and Raytheon will define the future of aerospace and defense,” said Greg Hayes, United Technologies chairman/CEO. “Our two companies have iconic brands that share a long history of innovation, customer focus and proven execution. By joining forces, we will have unsurpassed technology and expanded R&D capabilities that will allow us to invest through business cycles and address our customers’ highest priorities. Merging our portfolios will also deliver cost and revenue synergies that will create long-term value for our customers and shareowners.”

Raytheon plans to consolidate its four businesses into two businesses: Intelligence, Space & Airborne Systems and Integrated Defense & Missile Systems. The new businesses will join Collins Aerospace and Pratt & Whitney to form the four businesses of Raytheon Technologies.

Hayes will be named CEO of Raytheon Technologies and Kennedy will be appointed executive chairman. Hayes will assume the role of chairman and CEO two years after closing.