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Stock Market & Financial Investment News

News Breaks
December 19, 2012
08:47 EDTUTX, CVUCPI Aerostructures selected by United Technologies subsidiary for Seahawk repair
CPI Aerostructures (CVU) has been selected by Sikorsky Aerospace Services to overhaul and repair outboard stabilator assemblies for the H-60 Seahawk helicopter. SAS is the worldwide aftermarket business of Sikorsky Aircraft, a subsidiary of United Technologies (UTX). CPI Aero will inspect, overhaul and repair stabilator assemblies under this first new O&R contract, with deliveries scheduled to commence in January 2013.
News For CVU;UTX From The Last 14 Days
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November 21, 2014
16:06 EDTCVUCPI Aerostructures receives protest in connection with F-16 wing contract
CPI Aerostructures announced that its status as a small business concern has been protested in connection with its previously announced receipt of a U.S. Government prime contract from the Defense Logistics Agency to provide structural wing components and logistical support for F-16 aircraft maintenance, repair and overhaul operations. The company has been notified by the U.S. Small Business Administration that the SBA will be making a determination of the size status of the company after the company provides required information to the SBA. Because of the protest, the company has received a stop-work order from the DLA. The company is preparing its response to the SBA.
08:08 EDTUTXUnited Technologies unit selected for $43M energy infrastructure project
NORESCO, a part of UTC Building & Industrial Systems, a unit of United Technologies, has won a $43M energy savings performance contract for work at Fort Jackson in Columbia, South Carolina, the U.S. Army's largest and most active basic combat training center.
November 19, 2014
07:55 EDTCVUCPI Aerostructures to host analyst/investor meeting
Analyst/Investor Meeting to be held in New York on November 24 at 9:45 am. Webcast Link
November 17, 2014
17:19 EDTUTXSikorsky Aircraft awarded $535.34M government contract modification
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17:17 EDTUTXSikorsky Aircraft awarded $771.96M government contract modification
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08:47 EDTCVUCPI Aerostructures awarded $53.5M contract for F-16 wing components from DLA
CPI Aerostructures announced that it has received a U.S. Government prime contract from the Defense Logistics Agency, or DLA, to provide structural wing components and logistical support for global F-16 aircraft maintenance, repair and overhaul, or MRO, operations. DLA Aviation, Richmond, VA is the contracting activity. CPI Aero will support wing MRO efforts for both the U.S. fleet of more than 1,000 F-16 aircraft as well as the nearly 1,900 F-16s flown by air forces around the world. The term of the contract is for a period of 5 years, with a single option for an additional 3-year period. The company estimates the value of the contract, including options, to be approximately $53.5M.
November 12, 2014
05:52 EDTUTXUTC Aerospace Systems signs LOI with AVIC Xi'an Aircraft
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November 11, 2014
09:31 EDTUTXShejiang Loong Airlines selects Pratt & Whitney AeroPower foor Airbus A320
Pratt & Whitney AeroPower has signed a long-term auxiliary power unit maintenance support agreement with Zhejiang Loong Airlines for its new fleet of 30 Airbus A320 family aircraft, including nine A320neos. The agreement also covers repair and spares support services. First aircraft deliveries are scheduled to begin in 2015. Pratt & Whitney is a United Technologies company.
08:04 EDTUTXUTC Aerospace Systems selected by China Airlines
UTC Aerospace Systems has been selected by China Airlines to supply the wheels and carbon brakes for its fleet of 14 Airbus A350-900 aircraft. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. China Airlines will take delivery of their first A350-900 aircraft in 2016. UTC Aerospace Systems is a unit of United Technologies.

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