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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:04 EDTAA, EADSY, UTXAlcoa announces $1.1B supply agreement with Pratt & Whitney
Alcoa (AA) announced a 10-year, $1.1B agreement with Pratt & Whitney, a division of United Technologies (UTX), for state-of-the-art jet engine components. Under the deal signed at the Farnborough Air Show, Alcoa will supply key parts for Pratt & Whitney’s engines, including the forging for the first ever aluminum fan blade for jet engines. The forging was developed for Pratt & Whitney’s PurePower engines using an advanced aluminum alloy and a proprietary manufacturing process. Also for the PurePower engines, Alcoa is developing a fan blade forging using its most advanced aluminum-lithium alloy. Under the $1.1B deal, Alcoa will supply components for Pratt & Whitney’s PurePower PW1000G, V2500, GP7000 and several other regional jet and military engines. The PurePower engine will be used to aircrafts, including the next-generation Airbus (EADSY) A320neo. The transaction includes United Technologies “One Company” terms and conditions that provide for a common contracting approach between UTC and Alcoa divisions, thereby facilitating future collaboration.
News For AA;UTX;EADSY From The Last 14 Days
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February 27, 2015
18:10 EDTUTXLockheed Martin, United Technologies JV awarded $2B government contract
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06:20 EDTEADSYAirbus targets EPS to increase further in FY15
As the basis for its FY15 guidance, Airbus Group expects the world economy and air traffic to grow in line with prevailing independent forecasts and assumes no major disruptions. Airbus deliveries should be slightly higher than in 2014, and the commercial aircraft order book is again expected to grow. In 2015, before mergers & acquisitions, Airbus Group expects an increase in revenues and targets a slight increase in EBIT before one-off. Based on its current view of the industrial ramp-up, Airbus Group targets breakeven free cash flow in 2015 before M&A. Airbus Group targets its EPS and dividend per share to increase further in 2015.
06:18 EDTEADSYAirbus reports Q4 EPS EUR 1.21 vs. EUR 0.34 last year
Reports Q4 revenue EUR 20.22B vs. EUR 18.62B last year. Reports Q4 EBIT EUR 1.46B vs. EUR 493M last year.
February 26, 2015
09:35 EDTAAActive equity options trading on open
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February 25, 2015
17:23 EDTUTXUnited Technologies awarded $407M government contract
United Technologies Corp., East Hartford, Connecticut, has been awarded a $407M indefinite-delivery/indefinite-quantity contract for engine component improvement program. Contractor will provide design improvement, life management/analysis, repair development and test of engines produced by Pratt & Whitney. Work will be performed at East Hartford, Connecticut, and is expected to be complete by Dec. 31, 2021. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Fiscal year 2015 research, development, test and evaluation funds in the amount of $5M are being obligated at the time of award for task order 0001. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
07:09 EDTUTXUnited Technologies price target to $138 ahead of Analyst Day at Credit Suisse
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February 24, 2015
10:24 EDTEADSYBoeing finds buyers for early 787 Dreamliner inventory, Bloomberg says
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06:46 EDTEADSYAirbus told suppliers to prepare for increase in A320 production, Reuters says
Airbus (EADSY) has told suppliers that it is considering increasing the number of A320 jets it produces to 50 per month as early as 2017, according to Reuters. The company, which is looking to make 48 A320 jets per month by the second quarter of 2016, currently manufactures 42 of the jets per month and had previously planned to produce 46 of them monthly by the second quarter of 2016, the news service noted. Boeing (BA) competes with Airbus in international commercial plane markets. Reference Link
February 23, 2015
07:40 EDTAABMO Capital to hold a conference
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06:51 EDTUTXAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
February 20, 2015
07:02 EDTEADSYAirbus in talks with Indian firms to produce military helicopters, Reuters says
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06:27 EDTUTXUnited Tech's Sikorsky may look to make military helicopters in India, WSJ says
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February 19, 2015
06:18 EDTEADSYBAE Systems sees winning more Typhoon jet, naval orders in 2015, WSJ reports
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February 17, 2015
07:03 EDTEADSYDucommun says awarded first direct contract on Airbus A350 XWB
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