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Stock Market & Financial Investment News

News Breaks
July 13, 2014
12:56 EDTUTX, EADSYUTC Aerospace selected by Airbus for long-term maintenance pact
UTC Aerospace Systems has been selected by Airbus as a primary maintenance service provider for Airbus' (EADSY) Flight Hour Services, FHS, and component repair support. The long-term agreement covers UTC Aerospace Systems components on all Airbus platforms. UTC Aerospace Systems is a unit of United Technologies (UTX). Under the agreement, Airbus will send FHS covered components requiring repair to UTC Aerospace Systems' global network of maintenance, repair and overhaul, MRO, facilities. The scope of products covered under the agreement includes air management systems, electric systems, sensors, evacuation slides, seating, cargo, lighting systems, actuation systems, propellers, landing gear systems, fire systems and engine components.
News For UTX;EADSY From The Last 14 Days
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July 22, 2015
08:13 EDTEADSYAvolon delivers Airbus A321-200 to Vueling Airlines
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08:03 EDTEADSYOrbital ATK, Airbus finalize agreement on A350-1000 variant
Orbital ATK (OA) announced that it has finalized an agreement with Airbus (EADSY) to expand its current contract to include the manufacture of composite stringers and frames on the –1000 variant of the A350 program, adding to the work already being performed on the A350 program. This agreement builds on Orbital ATK’s valuable working relationship with Airbus and its partners. The Aerospace Structures Division of Orbital ATK’s Flight Systems Group is executing the A350 program at its Aircraft Commercial Center of Excellence facility in Clearfield, Utah. Orbital ATK is currently producing composite stringers and frames for the A350-900 and has successfully delivered more than 44,000 parts since the inception of the program. Orbital ATK expects that the contract expansion will require future hiring of additional professional and manufacturing employees, benefiting the local job market in Utah.
07:06 EDTUTXUnited Technologies price target lowered to $118 from $136 at UBS
UBS lowered its price target on United Technologies to $118 from $136 following its Q2 report. The firm cited headwinds from China and the aero aftermarket, but believes earnings may be at a bottom. UBS maintained its Buy rating on United Technologies shares.
07:05 EDTUTXUnited Technologies downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded United Technologies to Hold citing the company's reduced guidance and "uncompelling" earnings potential in 2016 and 2017. Deutsche reduced its price target for shares to $112 from $128. United Technologies was also downgraded this morning at Atlantic Equities.
06:42 EDTEADSYAirbus China plant to deliver first wide-body jet in 2018, Reuters says
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06:33 EDTUTXUnited Technologies downgraded to Neutral from Overweight at Atlantic Equities
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July 21, 2015
16:28 EDTUTXOn The Fly: Top stock stories for Tuesday
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12:21 EDTUTXOn The Fly: Top stock stories at midday
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09:21 EDTUTXOn The Fly: Pre-market Movers
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09:00 EDTUTXUnited Technologies says 'disappointment would be a severe understatement'
The company said it has been more aggressive on the downside so that it doesn't want to over promise and not deliver. Cites pricing pressure in Otis after-market in Europe and slowdown in China. Expects headwinds of negative engine in Pratt, China slowdown, and slow Europe recovery will continue next year. Says US economic is better than expected and that should also continue.
08:57 EDTUTXUnited Technologies says 'done with big divestitures'
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08:55 EDTUTXUnited Technologies says Sikorsky deal allows it to be 'focused on core'
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08:55 EDTUTXUnited Technologies says commercial after-market sales to be up low single digit
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08:47 EDTUTXUnited Technologies says good demand for parts, but down compared to last year
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08:36 EDTUTXUnited Techonologiessees near-term weakness, but long-term is strong
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08:35 EDTUTXUnited Technologies sees Sikorsky transaction to close around year end
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07:11 EDTUTXUnited Technologies lowers FY15 cont. ops EPS to $6.15-$6.30, consensus $6.85
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07:08 EDTUTXUnited Technologies sees commercial Aerospace aftermarket below expectations
"With six months of trends behind us, it is now clear the commercial aftermarket at UTC Aerospace Systems will be significantly below our expectations for the year. This, along with continuing softness in Otis Europe and a slowing China, led us to reassess our 2015 outlook for UTC Aerospace Systems and Otis. We now expect 2015 operating profit at UTC Aerospace Systems to be down $25M-$75M and at Otis to be down $25M-$75M at constant currency. Including the adverse impact of FX, we expect profit at Otis to be down $300M-$350M compared to prior year. While this revised forecast is disappointing, we remain confident in our long term outlook for the business. We have industry leading franchises, strong recurring revenue streams and have focused our portfolio on attractive end markets. We will accelerate aggressive cost reduction across the businesses and look for additional structural cost actions that can drive earnings growth well into the future. We will also look to deploy additional capital to share repurchase and M&A," said Gregory Hayes, UTC President and CEO.
07:06 EDTUTXUnited Technologies reports Q2 EPS ex-items $1.81, consensus $1.71
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06:53 EDTUTXUnited Technologies eyes takeovers after Sikorsky deal, Reuters says
United Technologies (UTX), following a deal to sell its Sikorsky helicopter unit to Lockheed Martin (LMT), is expected to seek acquisition targets, Reuters says, citing analysts from Sterne Agee and Edward Jones. United Technologies said it planned to use SIkorsky's profit contribution to repurchase shares, the report says, though Sterne Agee analyst Peter Arment says that the sale gives United Tech the flexibility needed to pursue acquisitions. Reference Link
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