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Stock Market & Financial Investment News

News Breaks
January 8, 2013
19:52 EDTGY, UTXGenCorp 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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June 30, 2015
17:30 EDTUTXPratt and Whitney awarded $269.36M government contract modification
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June 26, 2015
07:26 EDTUTXSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
08:03 EDTUTXUnited Technologies unit selected by IndiGo to supply Airbus wheels and brakes
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June 19, 2015
16:24 EDTUTXStocks end week higher after Fed reassures on gradual pace of rate increases
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June 18, 2015
08:21 EDTUTXUnited Technologies-led consortium signs maintenance agreement with Air Serbia
Pratt & Whitney unit Pratt & Whitney announced that Air Serbia, the national airline of the Republic of Serbia, has entered into a V-Services Fixed Price Agreement to maintain its 21 V2500 engines. The V2500 engine is offered through IAE International Aero Engines AG, an aero engine consortium led by Pratt & Whitney, in collaboration with Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.
07:43 EDTUTXRolls-Royce to refresh line of business-jet engines, WSJ reports
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June 17, 2015
16:08 EDTUTXEsterline wins $200M contract from United Technologies division
Esterline's (ESL) Power Systems business group has been selected by UTC Aerospace Systems, a division of United Technologies (UTX), to design and manufacture the primary electrical power distribution systems for Embraer's second-generation of E-Jet and Mitsubishi's Regional Jet aircraft programs. In total, Esterline estimates these contracts will generate more than $200M in revenue for the company.
09:51 EDTUTXJefferies to hold company meetings at the Paris Air Show
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09:05 EDTUTXPratt & Whitney AeroPower signs epair support agreement with Air India
Pratt & Whitney AeroPower, a division of United Technologies, has signed a long-term repair support agreement for the APS5000 auxiliary power unit with Air India Ltd., for its fleet of seven future and 20 existing Boeing 787-8 series aircraft. The support agreement covers repairs of the APU and its Line Replaceable Units (LRU).
06:44 EDTUTXUnited Technologies' Pure Power engines selected by China Aircraft Leasing
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05:31 EDTUTXChina Eastern Airlines signs 12-year V-Service agreement
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05:27 EDTUTXUnited Technologies, Titeflex Aerospace announce long-term supply agreement
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