New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
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
Sign up for a free trial to see the rest of the stories you've been missing.
July 1, 2015
15:36 EDTUTX, EADSYEngine makers compete for Chinese contracts after Airbus order, Reuters says
Following China's large Airbus (EADSY) order on Tuesday, certain aircraft engine manufacturers are competing to secure contracts with Chinese airlines, reports Reuters, citing industry sources. Reuters notes that the Airbus A330s ordered by China are available with a choice of engines from General Electric (GE), United Technologies (UTX), and Rolls-royce (RYCEY). Reference Link
June 30, 2015
17:30 EDTUTXPratt and Whitney awarded $269.36M government contract modification
Subscribe for More Information
08:17 EDTEADSYAirbus sued by AirAsia crash families for ‘dangerous’ systems, Bloomberg says
Subscribe for More Information
05:33 EDTEADSYAerCap adds first Airbus A350XWB to aircraft fleet
AerCap (AER) took delivery of its first Airbus (EADSY) A350 XWB during a ceremony at the Airbus Delivery Centre in Toulouse. AerCap immediately handed the aircraft over to Vietnam Airlines on a long-term lease, making the airline the world's second operator of the A350 XWB.
June 29, 2015
09:33 EDTEADSYLockheed Martin signs purchase agreements with Airbus for two flight simulators
Lockheed Martin (LMT) Commercial Flight Training and Airbus (EADSY) have signed a frame contract enabling Airbus to expedite procurement of flight simulation devices for their customers, Airbus training centers and their affiliates worldwide. The frame contract emphasizes the shared intent to partner on future training programs, and combines Airbus' and Lockheed Martin Commercial Flight Training's expertise in the flight simulation industry. As a first example of this process, Airbus Mexico Training Centre has ordered two LMCFT A320 full flight simulators for their operations in Mexico City and Monterrey to be delivered in late 2015 and early 2016.
June 26, 2015
08:46 EDTEADSYAirbus hoping to close on Chinese wide-body jet order next week, FT reports
Airbus is hoping to close one of its biggest Chinese orders by value next week as it enters the final state of long series of negotiations over the sale of up to 70 A330 wide-body jets, the Financial Times reports. The Chinese government is in talks over an order of between 50 and 70 A330 aircraft worth up to $17.8B at brochure prices, the report says. The order would help the company keep its production line running as it makes the transition from the extant A330 to a new re-engined version due to enter service in 2017, the Financial Times reports. Reference Link
07:26 EDTUTXSRA International exploring sale or IPO, Reuters reports
Subscribe for More Information
June 25, 2015
19:34 EDTEADSYAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
June 24, 2015
18:16 EDTEADSYGoogle, GE, Airbus lead in sheer number of meetings with EU officials
Subscribe for More Information
08:03 EDTUTXUnited Technologies unit selected by IndiGo to supply Airbus wheels and brakes
Subscribe for More Information
June 23, 2015
11:48 EDTEADSYAirbus in talks to sell 50-70 A330 jets to China, Reuters reports
China is in talks to buy 50-70 A330 wide-body jets from Airbus, Reuters reports, citing sources familiar with the talks. The report notes that Airbus has been in talks for nearly 18 months to set up an A330 cabin-completion center in China. Reference Link
June 22, 2015
08:28 EDTEADSYAirbus dispatches engineers to Zodiac to help overcome delays, Bloomberg says
Subscribe for More Information
06:18 EDTEADSYSuppliers worried about Airbus, Boeing production rate hike, Reuters reports
Major engine suppliers, including General Electric (GE) and Safran, are becoming worried that they may lose out if they invest to meet higher commercial jet production targets from Airbus (EADSY) and Boeing (BA) that may prove unsustainable, Reuters reports. Airbus and Boeing have plans to raise production rates of their best selling single aisle planes by 25% to 50-52 a month in 2017-2018, the report says. Suppliers have said that they need to secure the start of a steep rise in output before making a commitment to even loftier targets, the report says. Reference Link
June 19, 2015
16:24 EDTUTXStocks end week higher after Fed reassures on gradual pace of rate increases
Subscribe for More Information
09:47 EDTEADSYAirbus plans to resume deliveries of A400M military helicopter, Reuters reports
Subscribe for More Information
June 18, 2015
17:56 EDTEADSYAirbus signs deal with Wizz Air for 110 jets for $14B, Reuters says
Subscribe for More Information
12:44 EDTEADSYAirbus threatens to pull of of European surveillance drone plan, FT reports
Airbus CEO Tom Enders has warned that the aerospace and defense group will quit Europe's plan to build a surveillance drone if the EU continues to place "burdensome" political requirements on multi-national military projects, The Financial Times reports. Reference Link
08:21 EDTUTXUnited Technologies-led consortium signs maintenance agreement with Air Serbia
Pratt & Whitney unit Pratt & Whitney announced that Air Serbia, the national airline of the Republic of Serbia, has entered into a V-Services Fixed Price Agreement to maintain its 21 V2500 engines. The V2500 engine is offered through IAE International Aero Engines AG, an aero engine consortium led by Pratt & Whitney, in collaboration with Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.
07:43 EDTUTXRolls-Royce to refresh line of business-jet engines, WSJ reports
Subscribe for More Information
06:54 EDTEADSYAirbus may build longer A350, WSJ says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use