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Stock Market & Financial Investment News

News Breaks
January 8, 2013
19:52 EDTUTX, GYGenCorp receives modification to FTC request related to Rocketdyne acquisition
GenCorp (GY) announced that it has received a modification to the request for additional information from the Federal Trade Commission in connection with the company's proposed acquisition of Pratt & Whitney Rocketdyne from United Technologies (UTX). The modification excludes large and medium liquid rocket engines for launch vehicles and spacecraft from the scope of the FTC's investigation of the proposed acquisition. United Technologies has received a similar modification to the Second Request letter it received. At this time, the FTC's investigation of the proposed acquisition is limited to the Liquid Divert and Attitude Control Systems businesses of GenCorp and United Technologies. GenCorp is in the process of preparing its LDACS business for sale to facilitate an expeditious completion of the FTC's investigation. Completion of the transaction is subject to the satisfaction of customary closing conditions, including required regulatory approvals. The company expects the acquisition to close in 1H13.
News For GY;UTX From The Last 14 Days
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November 21, 2014
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 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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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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