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Stock Market & Financial Investment News

News Breaks
December 12, 2012
19:07 EDTLMT, UTXPentagon to pay 4% less for Lockheed's F-35 fighters, Reuters reports
The Pentagon will pay about $107M for each F-35 it contracts as part of a $3.8B agreement with Lockheed Martin (LMT) it is set to sign Friday, according to a Reuters report that cites sources. The Air Force paid $111.6M, or about 4% more than the Pentagon, per F-35 in a previous contract with Lockheed, and the Defense Department is said to be negotiating a separated contract with Pratt & Whitney, a unit of United Technologies (UTX), for jets to power the planes. Reference Link
News For LMT;UTX From The Last 14 Days
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July 15, 2014
06:56 EDTUTX, LMTU.S. officials remove grounding order for Lockheed F-35s, Reuters says
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05:50 EDTUTXUTC Aerospace to provide wheels, brakes, MRO to Cathay Pacific Airways
UTC Aerospace Systems has been selected by Cathay Pacific Airways to supply the wheels and carbon brakes for its fleet of forty eight A350-900/A350-1000 aircraft on firm orders. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. Cathay Pacific Airways will take delivery of their first A350-900 aircraft in 2016. UTC Aerospace Systems is a unit of United Technologies.
05:49 EDTUTXUnited Technologies to provide wheels, brakes to Jet Airways, Jet Lite
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05:39 EDTUTXUnited Technologies, Firth Rixson sign ten-year agreement valued over $1B
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July 14, 2014
17:21 EDTLMTLockheed Martin awarded $278.65M government contract modification
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12:46 EDTLMTBAE goes against Lockheed for $10B F-16 revamp work, Reuters says
BAE Systems (BAESY) anticipates to win more than half of the $10B market to upgrade F-16 fighter jets, saying its cost-effective offering could give it a leg-up in the fight against Lockheed Martin (LMT), according to Reuters, citing comments from BAE Systems' vice president for global fighter programs John Bean. Reference Link
11:01 EDTLMTLockheed Martin receives $212M contract
Lockheed Martin received a contract award recently totaling $212M from the U.S. Army Aviation and Missile Command for Patriot Advanced Capability-3 Maintenance & Surveillance services to U.S. and international PAC-3 customers from the Missile Support Center. These Maintenance and Surveillance services will begin immediately at Lockheed Martin facilities in the U.S.
07:58 EDTUTXUnited Technologies' PurePower and V2500 engines selected by VivaAerobus
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07:24 EDTUTXPratt & Whitney says Cseries defect is seal problem in oil system, Reuters says
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07:04 EDTUTXAlcoa announces $1.1B supply agreement with Pratt & Whitney
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06:37 EDTLMTLockheed Martin to invet on offshoot of joint strike fighter program, WSJ says
Lockheed Martin is set to invest in a new offshoot of its C-130J military transport plane called SeaHerc in a push for more export orders, reports the Wall Street Journal. In an interview, CEO Marillyn Hewson said the company is trying to interest countries such as Canada and the U.K., saying that they are in the midst of discussions with customers with "strong interest in the capability." Reference Link
05:32 EDTUTXUTC Aerospace enters long-term agreement with SkyWest
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05:30 EDTUTXUTC Aerospace selected by Airbus to provide wheels, brakes for A320neo facility
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July 13, 2014
20:57 EDTUTXPratt & Whitney PurePower engine saves additional 2% on fuel burn
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16:40 EDTLMTDefense officials see no systematic flaws in Lockheed F-35, Bloomberg says
U.S defense officials see no broad safety issues with Lockheed Martin's F-35 Joint Strike Fighter after an engine fire resulted in the grounding of the fleet, says Bloomberg. Reference Link
12:56 EDTUTXUTC Aerospace selected by Airbus for long-term maintenance pact
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12:51 EDTUTXUTC Aerospace selected by Boeing for wheels, brakes on 737 MAX
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12:47 EDTUTXUTC Aerospace awarded USAF contract to upgrade SYERS-2 imaging sensor fleet
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July 12, 2014
18:08 EDTUTXeasyJet said to choose GE-Safran engine for Airbus jets, WSJ says
easyJet (ESYJY) is set to order engines from a partnership of General Electric (GE) and France's Safran to power 100 Airbus Group (EADSY) NV A320neo jets, says the Wall Street Journal. According to the WSJ report United Technologies (UTX) unit Pratt & Whitney was also aggressively competing for the order. Reference Link
16:35 EDTUTXSikorsky, Boeing selected to develop ‘Digital Backbone’ for Future Vertical Lift
Boeing (BA) and Sikorsky Aircraft, a subsidiary of United Technologies (UTX) have been selected to help develop the Joint Common Architecture, JCA, standard for the U.S. Army’s Joint Multi-Role, JMR, Science and Technology program, an element of the Future Vertical Lift, FVL, initiative. The Technology Investment Agreement was awarded by the U.S. Army Aviation Applied Technology Directorate on June 30.
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