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Stock Market & Financial Investment News

News Breaks
July 14, 2014
05:30 EDTUTX, EADSYUTC Aerospace selected by Airbus to provide wheels, brakes for A320neo facility
UTC Aerospace Systems has been selected by Airbus (EADSY) to supply new wheels and carbon brakes for A320neo family aircraft, through its Landing Systems facility in Troy, Ohio. The equipment is scheduled to enter into service in 2015 on the current A320 family of aircraft. UTC Aerospace Systems is a unit of United Technologies (UTX).
News For UTX;EADSY From The Last 14 Days
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September 16, 2014
10:40 EDTEADSYAirbus administers A320neo final ground trials, Reuters says
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07:15 EDTUTXPratt expects upcoming F-35 agreements to reduce espenses, Reuters says
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06:54 EDTUTXGE evades geared design in jet engine war versus Pratt, Reuters says
GE's (GE) Chief Technology Officer Mark Little said that the company evaded using a geared design for its new engine for narrowbody aircrafts due to worries about weight and soundness, as the company duels with competitor Pratt & Whitney for engine orders, according to Reuters, citing comments from Little. Pratt & Whitney is part of United Technologies (UTX). Reference Link
06:29 EDTUTXPratt & Whitney close to engine supply deal with Pentagon, WSJ reports
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06:09 EDTEADSYAirbus Defense, Space to sell some divisions
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September 15, 2014
17:36 EDTUTXSikorsky Aircraft awarded $203.57M government contract modification
Sikorsky Aircraft, a United Technologies company, was awarded a $203.57M modification to firm-fixed-price contract W58RGZ-12-C-0008 to procure 18 Green UH-60M Blackhawk helicopters, and 18 foreign military sales Green government furnished property to contractor furnished property, to support the Mexican Air Force. FY14 other procurement funds in the amount of $203.57M were obligated at the time of the award. Estimated completion date is May 30, 2016.
September 11, 2014
12:16 EDTEADSYAirbus settles A380 delivery disagreement with Qatar Airways, Reuters says
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08:22 EDTEADSYAirbus head knocks German government regarding export bar, Reuters says
Airbus CEO Fabrice Bregier knocked the German government regarding its restrictive export rule on defense products by saying that the law could prevent global partners from collaborating on defense initiatives in the future, according to Reuters, citing comments from Bregier. Reference Link
September 9, 2014
13:51 EDTEADSYNTSB finds UPS flight 1354 crashed due to 'unstabilized approach'
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September 7, 2014
15:29 EDTEADSYBoeing, Ryanair set to make significant fleet announcement, Reuters says
Boeing (BA) CEO Ray Conner and Ryanair (RYAAY) CEO Michael O'Leary are set to announce on Monday a significant purchase by Ryanair of Boeing 737 MAX 8 jetliners, says Reuters. With this order, Boeing will further cement its lead over rival Airbus Group (EADSY) in the order tally so far this year, added Reuters. Reference Link
September 6, 2014
17:51 EDTUTXUnited Technologies could return 20%, Barron's says
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September 5, 2014
06:40 EDTEADSYCanada to presumably purchase fighter jets from U.S. firms, Reuters says
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September 4, 2014
07:28 EDTUTXPentagon official says close to F-35 engine fix, Reuters says
Pentagon chief arms purchaser Frank Kendall said that the U.S. military is getting closer in figuring out how to fix the engine that fuels Lockheed Martin's (LMT) F-35 fighter jet, while Pratt & Whitney said it will pay to retrofit the 156 engines which were already delivered, according to Reuters, citing comments from Kendall. Pratt & Whitney is the United Technologies (UTX) division that manufacturers the engine. Reference Link
06:52 EDTUTXPratt & Whitney will give compensation for F-35 engine retrofits, Reuters says
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September 3, 2014
06:44 EDTEADSYAirbus looks to establish joint ventures to support Poland, Reuters says
Airbus is looking to establish joint ventures to back the Polish defense industry, but has deemphasized the thought of Warsaw obtaining a direct stake in the European firm, according to Reuters, citing comments from Airbus Vice President for Industrial Globalization Fabrice Lievin. Lievin said, "The invitation was to join the Airbus Group but not immediately with some stake in it. The story of (Poland's) stake is really marginal, this is not the most obvious way or the most key way to enter the Airbus Group." Reference Link
September 2, 2014
08:01 EDTUTXUnited Technologies concerns overdone, says Morgan Stanley
Morgan Stanley said United Technologies underperformance due to China real-estate and Commercial Aero OE outlook are overdone. The firm said Oits China growth is not that impactful and Commercial Aero OE cycle risks are immaterial. The firm believes revenue underperformance will reverse and that consensus estimates are reasonable, positioning shares for outperformance. The firm rates United Technologies an Overweight with a $129 price target.

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