New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 5, 2012
17:09 EDTUTX, GYGenCorp acquisition of Rocketdyne delayed pending FTC approval
On October 4, GenCorp (GY) received a request for additional information from the Federal Trade Commission in connection with the proposed acquisition of the Rocketdyne division of United Technologies (UTX), an agreement previously disclosed on July 22. United Technologies also received a request from the FTC on the same date. The FTC’s requests extend the waiting period during which the parties may not close the acquisition until 30 days after GenCorp and United Technologies have substantially complied with the requests. GenCorp now expects to close the acquisition in 1H13.
News For GY;UTX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2015
06:41 EDTUTXUnited Technologies April weekly volatility elevated into Q1 and outlook
Subscribe for More Information
April 16, 2015
09:10 EDTUTXUnited Technologies' Rig Approach certified by Transport Canada Civil Aviation
United Technologies subsidiary Sikorsky Aircraft Corp.'s Rig Approach for the S-92 helicopter has received certification by Transport Canada Civil Aviation. Rig Approach provides helicopter operators with an automated approach to offshore rigs and platforms.
April 15, 2015
07:54 EDTUTXUBS to hold a field trip
Field Trip where meetings with private and public aerospace aftermarket companies and aviation investors will be held during the MRO Americas 2015 Conference being held in Miami Beach on April 15.
April 10, 2015
17:12 EDTUTXSikorsky Aircraft awarded $480M government contract
Subscribe for More Information
08:14 EDTGYGenCorp price target raised to $26 from $22 at Oppenheimer
Oppenheimer increased its price target on GenCorp despite the company's lower than expected Q1 EBITDAP. The firm continues to expect Aerojet Rocketdyne to benefit from large, multi-year contracts that have significantly boosted the company's backlog, which Oppenheimer views as strong. The firm keeps an Outperform rating on the shares.
06:22 EDTUTXDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).
April 9, 2015
17:25 EDTGYGenCorp reports Q1 EPS (7c), may not compare to consensus 8c
Subscribe for More Information
April 8, 2015
17:25 EDTUTXCourt reverses $664M judgment against United Technologies
In a regulatory filing, United Technologies (UTX) reports that on April 6, the Sixth Circuit Court of Appeals rendered a decision in the litigation concering the F100 engine. The litigation arose from allegations by the U.S. Department of Justice that Pratt & Whitney -- a United subsidiary -- violated the civil False Claims Act relating to the competition between Pratt & Whitney's F100 engine and General Electric's (GE) F110 engine, resulting in alleged overpayments by the government for F100 engines under contracts awarded by the U.S. Air Force in fiscal years 1985-1990. On June 17, 2013, a trial court in Ohio rendered a decision awarding the government $473M in damages and penalties, plus prejudgment interest for a total judgment of approximately $664M. In its latest decision, the Sixth Circuit reversed the trial court’s judgment, noting that the government did not prove any damages, and remanded the case to the trial court to decide whether the government should have another opportunity to prove that it suffered any actual damages.
April 6, 2015
12:51 EDTGYAerojet Rocketdyne receives $18M NASA contract
Subscribe for More Information
08:01 EDTUTXUTC Aerospace Systems awarded contract for Naval Undersea Warfare Center
UTC Aerospace Systems has reached an agreement with the U.S. Naval Undersea Warfare Center to provide high frequency acoustic windows for submarines. The five-year indefinite delivery, indefinite quantity contract covers deliveries through 2020 to the U.S. Navy. Work will be performed by the Engineered Polymer Products team in Jacksonville, Florida, which is part of UTC Aerospace Systems' Aerostructures business. UTC Aerospace Systems is a unit of United Technologies.

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