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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:04 EDTAA, UTX, EADSYAlcoa 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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September 26, 2014
08:10 EDTUTXUnited Technologies risks reflected in shares, says Morgan Stanley
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06:41 EDTEADSYAirbus exec says could add new A380 client by 2014 end, Reuters says
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September 25, 2014
15:53 EDTUTXIndia seen ordering $1B worth of United Technologies helicopters, Reuters says
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14:58 EDTAAAlcoa October volatility elevated into Q3 and outlook
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09:11 EDTEADSYAirbus CEO not hurried to choose on upped jet production, Reuters says
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06:58 EDTAAAlcoa estimates raised ahead of earning on higher aluminum prices at Stifel
Stifel raised Alcoa's Q3 EPS estimate to 24c from 20c, vs. consensus of 20c, 2014 EPS to 70c from 67c, vs. consensus of 64c, and 2015 EPS to $1.25 from $1.05, vs. consensus of 87c, reflecting higher aluminum prices. The firm believes price strength has been due to rising demand and producer discipline. Shares are Buy rated with a $20 price target, up from $17.
06:49 EDTEADSY, UTXAirbus expects upped sales as overhauled A320neo readies kickoff, Reuters says
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September 24, 2014
14:06 EDTEADSYU.S. sued over Airbus helicopter deal, Agence France-Presse says
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12:13 EDTEADSYAirbus foresees $4.6T jetliner market over next 20 years, WSJ says
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07:15 EDTEADSYAirbus packs more seats into A380 aircraft to win orders, Financial Times says
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September 23, 2014
10:54 EDTAAAlcoa initiated with a Buy at Tigress Financial
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08:38 EDTUTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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September 22, 2014
13:49 EDTEADSYBoeing exec to up output target if supportable, Reuters says
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12:59 EDTAAToyota to use aluminum for Camry hood, Automotive News says
Toyota Motor (TM) looks set to begin using aluminum instead of steel to build the hood of its widely popular Camry vehicle, according to Automotive News. The change will begin in 2018, the website quoted an unnamed source as saying, Alcoa (AA) mines aluminum. Reference Link
08:10 EDTEADSYAirbus sales head careful regarding jet output growth, Reuters says
Airbus' sales chief John Leahy said that the company has a careful perspective regarding plane output growth, by noting that it would review supply chain and other conditions before choosing to further raise the output of its A320 jets, according to Reuters, citing comments from Leahy. Reference Link
06:52 EDTEADSYReport says Germany urging Airbus for A400M cost reductions, Reuters says
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September 17, 2014
18:43 EDTUTXUnited Technologies subsidiary wins patent infringement case
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10:00 EDTUTXOn The Fly: Analyst Initiation Summary
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09:12 EDTEADSYAirbus exec says strategy chief to stay with company
Airbus' head of corporate communications Rainer Ohler said via his Twitter account that the company's strategy chief Marwan Lahoud is staying with the company. The news comes after speculation arose that Lahoud could potentially be the next CEO of Safran. Reference Link
07:45 EDTEADSYLufthansa orders 15 more Airbus A320neo, 10 A320ceo aircrafts
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