New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 25, 2015
13:48 EDTEADSYAirbus to sell 17.5% stake in Dassault Aviation
Subscribe for More Information
06:46 EDTEADSYAirbus to sell 15% stake in Dassault Aviation, Reuters reports
Subscribe for More Information
March 24, 2015
09:38 EDTAAActive equity options trading on open
Subscribe for More Information
06:59 EDTEADSYAirbus plane crashes in southern France, Bloomberg reports
Subscribe for More Information
06:45 EDTEADSYAirbus plane crashes in Southern France, AFP reports
Subscribe for More Information
06:28 EDTEADSYAirbus says RwandAir signs MOU for two A330 aircraft
Subscribe for More Information
March 23, 2015
10:47 EDTEADSYAirbus agrees to sell Rostock System to Ferchau Engineering, Reuters reports
Subscribe for More Information
08:13 EDTUTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
Subscribe for More Information
08:12 EDTUTXOtis selected for Hudson Yards development
Otis has entered into a multimillion-dollar agreement with related companies to supply elevator and escalator units for the new Hudson Yards development in Manhattan's West Side. As part of its contract, the world's largest manufacturer and maintainer of people-moving products will provide 73 units for 30 Hudson Yards, a 92-story, 2.6 million-square-foot tower that will be among the first to be constructed at the site. Founded by the inventor of the safety elevator, Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies.
08:01 EDTUTXUTC Aerospace Systems awarded $39M contract from Naval Surface Warfare Center
Subscribe for More Information
March 19, 2015
10:16 EDTAAAlcoa falls, levels to watch
Subscribe for More Information
March 18, 2015
14:10 EDTEADSYBoeing, Airbus stepping pressure on supllier over seat delays, Reuters says
Subscribe for More Information
March 17, 2015
14:35 EDTAAAlcoa to curtail 443,000 mtpy of alumina refining capacity at Suralco
Lightweight metals leader Alcoa announced that it plans to curtail 443,000 metric tons per year of alumina refining capacity at Suralco in Suriname. In addition, the company and the Government of Suriname have agreed to pursue a transaction for a Government-owned entity to acquire the Suralco operations. The curtailment and potential transaction are in line with Alcoa’s recent announcement to review upstream capacity for possible curtailment or divestiture and the company’s strategic goal to create a globally competitive commodity business. The curtailment, which represents one digester, is expected to be complete by April 30. Both parties now intend to pursue a transaction where a Government-owned entity would acquire Suralco, including the mining, refining and Afobaka hydroelectric operations. Following the appropriate due diligence, the parties are targeting to reach agreement on the proposed transaction by July 1. The company will work closely with unions and employees to reduce the impact of the curtailment on affected employees by offering fair severance packages. The Paranam refinery and related mining operations employ approximately 700 people, in addition to contracted personnel. The net financial impact associated with the curtailment is not expected to be material to the company’s earnings.
09:34 EDTAAActive equity options trading on open
Subscribe for More Information
07:18 EDTEADSYSatellite & Access Intelligence to hold a exhibition
Subscribe for More Information
07:08 EDTAAAlcoa weakness creates buying opportunity, says Stifel
Subscribe for More Information
March 16, 2015
16:00 EDTAAOptions Update; March 16, 2015
Subscribe for More Information
13:21 EDTEADSYAirbus selected to develop next generation helicopters for South Korea
Subscribe for More Information
10:00 EDTEADSYRyanair plans transatlantic service in four to five years, Financial Times says
Subscribe for More Information
06:03 EDTEADSYAirbus Helicopters expected to sign $3B contract in South Korea, Reuters reports
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use