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Stock Market & Financial Investment News

News Breaks
July 10, 2014
13:58 EDTLMT, UTXPentagon says F-35 fire may have been isolated incident, The Hill says
A fire on an F-35 Joint Strike Fighter plane may have been an isolated incident, and not indicative of a systemic problem, the Pentagonís chief weapons buyer told lawmakers today, according to The Hill. The Pentagon has grounded the planes, which are made by Lockheed Martin (LMT) and United Technologies (UTX). Reference Link
News For LMT;UTX From The Last 14 Days
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July 15, 2014
18:41 EDTLMT, UTXF-35 Farnborough debut cancelled due to engine fire, WSJ says
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11:21 EDTLMTLockheed Martin opens U.K. space technology office
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09:11 EDTUTXAzul selects Pratt & Whitney engines to power thirty Embraer E-Jets E2
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08:17 EDTUTXPhilippine Airlines to power ten aircrafts with Pratt & Whitney Engines
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07:57 EDTUTXSaudiGulf Airlines selected the IAE V2500 engines
SaudiGulf Airlines has selected the International Aero Engines, or IAE, V2500 engine to power four A320ceo aircraft and has also signed an eight-year V- Services maintenance service agreement with IAE. SaudiGulf is a new airline based in the Kingdom of Saudi Arabia with headquarters in Dammam and is planning to commence services in 2015. IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney - a subsidiary of United Technologies- Pratt & Whitney Aero Engines International, Japanese Aero Engines Corporation and MTU Aero Engines.
07:26 EDTUTXUBS to hold events at Farnborough Air Show
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07:17 EDTLMTFarnborough International to hold air show
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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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