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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:24 EDTUTX, BDRBFPratt & Whitney says Cseries defect is seal problem in oil system, Reuters says
Executives at Pratt & Whitney, a division of United Technologies (UTX), said a defect on the engines for Bombardier's (BDRBF) CSeries aircrafts was because of a seal in the oil system that would require a relatively minor adjustment, and had nothing to do with the low pressure turbine, according to Reuters, citing comments from Pratt Commercial Engines president David Brantner. Bombardier's CSeries narrow-body aircrafts have been grounded since the end of May after a major engine failure in testing. Reference Link
News For UTX;BDRBF From The Last 14 Days
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October 1, 2014
14:04 EDTBDRBFBombardier Transportation wins new operations contract in New Jersey
Rail technology leader Bombardier Transportation announced that it signed a new contract with New Jersey Transit Corporation at the end of September to provide operations and maintenance services for NJ TRANSIT's River Line Light Rail system. The contract is valued at approximately U.S. $331M and covers a period of 15 years. The agreement includes an option for an additional five years. Through its wholly-owned subsidiary Southern New Jersey Rail Group, Bombardier has been operating and maintaining the River Line Light Rail system since its opening in March 2004. Bombardier's scope of work under the new contract, effective March 14, 2015, will include train operations, dispatching, vehicle maintenance as well as maintenance for all right of way, facilities and signalling infrastructure.
11:01 EDTUTXUnited Technologies approaches its 52-week low, levels to watch
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07:56 EDTUTXSyrian strikes sure to prompt calls to reconsider defense cuts, WSJ says
The expanded U.S. military campaign in the Middle East, including airstrikes in Syria, is expected to cost tens of billions of dollars in the short-term and is certain to put renewed pressure on the president and Congress to reconsider spending caps on the defense budget, according to The Wall Street Journal. Publicly traded companies in the Defense space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX). Reference Link
September 26, 2014
08:10 EDTUTXUnited Technologies risks reflected in shares, says Morgan Stanley
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07:31 EDTBDRBFBombardier, Macquarie AirFinance sign purchase agreement for up to 50 CS300s
Bombardier announced that a wholly owned affiliate of Macquarie AirFinance has signed a firm purchase agreement for 40 CS300 jetliners and has taken options on an additional 10 CS300 aircraft. Macquarie AirFinance, which currently owns or manages 136 jet aircraft leased to 73 operators in 43 countries across six continents, will lease the CS300 aircraft to airline operators around the world. Delivery of the aircraft will be on a phased basis from 2017 to 2019.
September 25, 2014
15:53 EDTUTXIndia seen ordering $1B worth of United Technologies helicopters, Reuters says
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06:49 EDTUTXAirbus expects upped sales as overhauled A320neo readies kickoff, Reuters says
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September 23, 2014
08:38 EDTUTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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