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Stock Market & Financial Investment News

News Breaks
February 26, 2014
05:37 EDTGE, UTXGE, United Technologies could be helped by Pentagon plan for engines, WSJ says
Responding to concerns that defense cuts could hurt the U.S. military-industrial base, the Pentagon proposed support that could aid GE (GE) and United Technologies (UTX), reports the Wall Street Journal. The Pentagon budget proposal included $1B in new funding to continue development already begun by the two companies on a new jet engine. Reference Link
News For GE;UTX From The Last 14 Days
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March 4, 2015
08:54 EDTGEGE to provide Stockholm Vatten with MBR equipment
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07:23 EDTGEGE CEO Immelt not leaving the company, TheStreet reports
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07:08 EDTUTXUnited Technologies subsidiary begins final assembly of second Raider helicopter
United Technologies subsidiary Sikorsky Aircraft started final assembly of the second S-97 RAIDER helicopter at the company's Development Flight Center. Sikorsky is developing two RAIDER prototypes. Sikorsky is on track to complete final assembly and test flights of the second RAIDER prototype in 2015, followed by demonstration flights beginning in 2016.
07:05 EDTUTXUnited Technologies subsidiary awarded $8M contract from DARPA
United Technologies subsidiary Sikorsky Aircraft Corp. has been awarded an $8M contract by the Defense Advanced Research Projects Agency for Phase 1 of the Aircrew Labor In-Cockpit Automation System program.
March 3, 2015
11:03 EDTGEAnalyst says GE's Immelt may leave in industrial CEO exodus, Bloomberg says
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10:52 EDTGEGeneral Electric March weekly volatility elevated, shares near three-month high
General Electric March weekly call option implied volatility is at 19, March is at 15, April and May is at 14, ; compared to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
08:11 EDTUTXSaab opens Sikorsky-authorized S-92 support center in Norway
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08:08 EDTUTXFAA approves GWE for Sikorsky's S-92
Sikorsky Aircraft announced the certification by the Federal Aviation Administration, or FAA, of a gross weight expansion, or GWE, for the S-92 helicopter production configuration. The GWE increases the maximum take-off gross weight from 26,500 to 27,700 pounds allowing operators to carry an additional 1,200 pounds of payload. In addition to GWE, the FAA also certified Sikorsky's S-92 helicopter integrated Traffic Collision Avoidance System, or TCAS, II. Sikorsky Aircraft is a subsidiary of United Technologies.
08:07 EDTUTXEASA approves VIP Type Certificate for Sikorsky's S-76D helicopter
The European Aviation Safety Administration, or EASA, has approved the VIP Type Certificate for the S-76D helicopter, allowing for operation of the aircraft in Europe. Sikorsky Aircraft is a subsidiary of United Technologies.
08:03 EDTUTXEra Group accepted delivery of a baseline S-92 helicopter
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March 2, 2015
17:21 EDTUTXSikorsky Aircraft awarded $241.7M government contract
Sikorsky Aircraft, a United Technologies company, was awarded a $241.7M modification to contract W58RGZ-12-C-0008 to exercise option for a quantity of 22 UH-60M aircraft to support contingency operations. FY15 other procurement funds in the amount of $241.7M were obligated at the time of the award. Estimated completion date is Dec. 31, 2016. Work will be performed in Stratford, Connecticut.
February 27, 2015
18:10 EDTUTXLockheed Martin, United Technologies JV awarded $2B government contract
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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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05:22 EDTGEGE Healthcare selected as strategic partner by Kenyan Ministry of Health
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February 24, 2015
18:02 EDTGEGeneral Electric director purchases $20M of company stock
According to regulatory filings, GE director William G. Beattie purchased 800,000 shares of GE for $20,096,000 on February 18 and 19.
February 23, 2015
12:07 EDTGEEU opens probe in GE's proposed acquisition of Alstom's energy business
The European Commission has opened an in-depth investigation to assess whether General Electric's (GE) proposed acquisition of the Thermal Power, Renewable Power & Grid businesses of Alstom (ALSMY) is in line with the EU Merger Regulation. The Commissionís preliminary investigation indicates potential competition concerns in the market for heavy-duty gas turbines which are mainly used in gas-fired power plants. The transaction would bring together the activities of GE, the world's largest manufacturer of heavy-duty gas turbines, with those of Alstom, eliminating one of the three main global competitors to GE in this market. The opening of an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days, until 8 July, to take a final decision. Reference Link
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
08:26 EDTGEArc Logistics to acquire all membership interests Joliet Bulk for $216M
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06:27 EDTUTXUnited Tech's Sikorsky may look to make military helicopters in India, WSJ says
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