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April 7, 2014
15:03 EDTEADSY, UTXUnited Technologies unit to provide engines for 30 more Lufthansa A320neos
Lufthansa has selected PurePower PW1100G-JM engines from Pratt & Whitney, a division of United Technologies (UTX), for an additional 30 Airbus (EADSY) A320neo family aircraft. This order will bring the total number of PW1100G-JM engine-powered aircraft in Lufthansa's fleet to 60, Pratt & Whitney said. Deliveries are scheduled to start in 2019 and continue through 2021.
News For UTX;EADSY From The Last 14 Days
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October 5, 2015
08:33 EDTEADSYAlcoa signs $1B contract with Airbus for multi-material fastening systems
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October 4, 2015
16:24 EDTEADSYEmirates says won't decide between Boeing, Airbus until 2016, Bloomberg reports
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October 2, 2015
12:23 EDTUTXSupply chain issues impact Pratt & Whitney production this summer, WSJ says
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October 1, 2015
18:19 EDTUTXSikorsky Aircraft awarded $189.43M government contract
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September 30, 2015
19:57 EDTUTXDoD concerned about 'excessive consolidation' after Lockheed-Sikorsky deal
Frank Kendall, the Under Secretary of Defense for Acquisition, Technology and Logistics, said in a statement earlier Wednesday that alluded to Lockheed Martin's (LMT) acquisition of United Technology's (UTX) Sikorsky unit, "With size comes power, and the department's experience with large defense contractors is that they are not hesitant to use this power for corporate advantage." Kendall added that the DoD would work with Congress to "explore additional legal tools and policy to preserve the diversity and spirit of innovation that have been central to the health and strength of our unique, strategic defense industrial base, particularly at the prime contractor level." Reacting to Kendall's statement, Lockheed spokesman Dan Nelson said, "There is no evidence to support the view that larger defense companies reduce competition or inhibit innovation... We believe that defense contractors should continue to be assessed based on the performance and effectiveness of the products and solutions offered, not on the size of their company."
September 28, 2015
15:33 EDTUTXPratt & Whitney renews JV agreement for training center in Beijing
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14:00 EDTEADSYAirbus sales chief John Leahy plays down retirement talk, Reuters says
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08:45 EDTEADSYPiS would block Airbus helicopter supply deal, Reuters says
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September 25, 2015
10:15 EDTEADSYAirbus presses A320 suppliers for 10% price cut, Reuters reports
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06:29 EDTEADSYAirbus engages in wireless initiative for planes, WSJ reports
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September 24, 2015
08:04 EDTUTXLockheed Martin reports expiration of HSR waiting period for Sikorsky deal
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September 22, 2015
10:34 EDTUTXUnited Technologies drops, nears test of 52-week low
Price was last at $89.10, down over 2.6%. At that price next major support isn't until the 52-week low at $87.17. Resistance is at $89.72.
07:20 EDTEADSYBoeing, Airbus set for China orders but don't know when, Bloomberg says
Boeing (BA) and Airbus (EADSY) are set to bring in a haul of aircraft orders from China's airlines as planners plot growth through 2020, though there is a question as to when such moves will happen, Bloomberg reports. For Boeing, the first deals could be announced as early as this week when China president Xi Jinping tours the company's factory in Seattle, the report says. China's government signs off on all aircraft purchases and often waits for U.S. state visits before making such disclosures, the report says. Reference Link

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