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Stock Market & Financial Investment News

News Breaks
December 12, 2012
19:07 EDTUTX, LMTPentagon 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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January 23, 2015
10:02 EDTUTXOn the Fly: Analyst Initiation Summary
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06:07 EDTUTXUnited Technologies initiated with a Buy at Citigroup
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January 22, 2015
06:28 EDTLMTDefense and aerospace firms may see cybersecurity business boost, LA Times says
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January 20, 2015
17:02 EDTUTXUnited Technologies appoints David Hess to lead Aerospace business development
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January 15, 2015
17:06 EDTUTXUnited Technologies announce changes to aerospace leadership
United Technologies announced it will streamline its aerospace organization and leadership structure to provide greater focus on serving customers. Alain Bellemare, president and CEO of UTC Propulsion & Aerospace Systems, or PAS, has elected to leave the company at the end of the month. He will continue to serve as a consultant to UTC. As a result of Bellemare's decision and the successful integration of Goodrich Corporation, UTC is streamlining its aerospace operations by eliminating the PAS organization. Pratt & Whitney and UTC Aerospace Systems, both formerly under the PAS structure, will continue as stand-alone business units. As a result of this organizational change, Pratt & Whitney president Paul Adams will report directly to United Technologies CEO Gregory Hayes, as will Dave Gitlin, who has been promoted to president of UTC Aerospace Systems, from his former position as leader of that company's Aircraft Systems segment.
10:29 EDTUTXRockwell Collins outlook assumes zero for Learjet 85, says Wells Fargo
After Bombardier (BDRBF) announced it will 'pause' development of its all-composite Learjet-85 business jet due to weak demand, Wells Fargo points out that Rockwell Collins (COL) supplies the Learjet 85's avionics. Wells finds it unclear if Bombardier's decision will trigger any impairment for Rockwell, but notes the company already stated its FY15 revenue guidance assumes zero for Learjet 85. The firm adds United Technologies unit Pratt & Whitney Canada supplies the Learjet 85's engines while LMI Aerospace (LMIA) takes part in the plane's engineering. Wells estimates about 3% of LMI's recent sales have been tied to Learjet 85 development.
January 13, 2015
07:40 EDTUTXCommercial aircraft demand outlook still positive, says Bernstein
Bernstein continues to have a positive outlook on commercial aircraft demand for 2015, as the firm does not see $50 Brent oil as a negative for the sector unless the price stays below that level for the long-term. Bernstein thinks the general demand outlook for the sector is positive, and it identifies Boeing (BA) and United Technologies (UTX) as two of its favorite names in the space.
January 12, 2015
14:42 EDTLMTLockheed Martin, Illumina announce strategic alliance
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14:01 EDTLMTGoodyear Tire names John Lucas as Chief Human Resources Officer
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