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Stock Market & Financial Investment News

News Breaks
October 22, 2013
10:40 EDTGD, UTXUTC Aerospace Systems selected by General Dynamics unit
UTC Aerospace Systems has been selected by General Dynamics (GD) Land Systems unit to design, develop, build and qualify the Generator Subsystem for the Abrams ECP1 modernization upgrade. The generator subsystem includes both the electric generator and CAN-bus-enabled digital controller. Prototype systems will be delivered to GDLS in 2H14 for installation and qualification field testing on the Abrams. UTC Aerospace Systems is a unit of United Technologies.
News For UTX;GD From The Last 14 Days
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July 1, 2015
15:36 EDTUTXEngine 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
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June 29, 2015
07:22 EDTGDBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
June 26, 2015
07:26 EDTGD, UTXSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
10:00 EDTGDGeneral Dynamics receives $219M order for US Army's WIN-T increment 2 systems
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08:03 EDTUTXUnited Technologies unit selected by IndiGo to supply Airbus wheels and brakes
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