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July 14, 2014
07:24 EDTBDRBF, UTXPratt & 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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November 23, 2015
12:26 EDTUTXCredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
12:20 EDTBDRBFBombardier to host investor day
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November 19, 2015
06:02 EDTBDRBFBombardier enters agreement with CDPQ for $1.5B investment in BT Holdco
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November 17, 2015
14:50 EDTBDRBFBombardier signs MOU with Flexjet for twenty Challenger 350 aircraft
Bombardier Business Aircraft announced that it has signed a Memorandum of Understanding with Flexjet to purchase 20 Challenger 350 aircraft. The transaction is valued at approximately $544M, based on the current list price for standard-equipped aircraft.
08:31 EDTBDRBFNational Business Aviation Association to hold a convention
Business Aviation Convention & Exhibition: NBAA 2015 is being held in Las Vegas on November 17-19.
November 16, 2015
06:32 EDTUTXUnited Technologies reinstated with a Neutral at Credit Suisse
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November 12, 2015
15:55 EDTBDRBFCanada to weigh trade impact of potential Bombardier aid, Reuters says
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November 11, 2015
06:33 EDTBDRBFEmbraer watching Quebec's stake in Bombardier's jet, Reuters reports
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November 10, 2015
06:30 EDTBDRBFBoeing sees first maritime spy plane in year or two, Reuters reports
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