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Stock Market & Financial Investment News

News Breaks
January 8, 2013
14:20 EDTUTX, GE, ERJ, RYCEYPratt & Whitney displaces GE with Embraer contract, WSJ says
Embraer (ERJ) selected United Technology's (UTX) Pratt & Whitney to provide engines for an update of its E-Jet line-up, displacing incumbent GE Aviation (GE), reported The Wall Street Journal, citing people familiar with the deal. The report noted that Rolls Royce (RYCEY) was competing for the contract. Reference Link
News For UTX;GE;ERJ;RYCEY From The Last 14 Days
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July 14, 2014
07:04 EDTUTXAlcoa announces $1.1B supply agreement with Pratt & Whitney
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06:50 EDTRYCEYAirbus launches A330-800neo, A330-900neo
Airbus (EADSY) announced the A330-800neo and A330-900neo launched in July will reduce fuel consumption by a further 14% per seat compared with today’s A330. The company said that the A330neo will not only match the cash operating costs per seat of Boeing's (BA) 787, but also surpass it on direct operating costs per seat, and do so while offering an inch greater seat-width in economy class. The A330neo incorporates latest generation Rolls-Royce (RYCEY) Trent 7000 engines with a larger 112” diameter fan for a 10:1 bypass ratio, more seats and new cabin features. First deliveries of the newest A330 family members are scheduled to start in 4Q17. Reference Link
06:39 EDTRYCEYAirbus debuts overhauled A330 jet at airshow, Reuters says
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05:32 EDTUTXUTC Aerospace enters long-term agreement with SkyWest
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05:30 EDTUTXUTC Aerospace selected by Airbus to provide wheels, brakes for A320neo facility
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July 13, 2014
20:57 EDTUTXPratt & Whitney PurePower engine saves additional 2% on fuel burn
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12:56 EDTUTXUTC Aerospace selected by Airbus for long-term maintenance pact
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12:51 EDTUTXUTC Aerospace selected by Boeing for wheels, brakes on 737 MAX
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12:47 EDTUTXUTC Aerospace awarded USAF contract to upgrade SYERS-2 imaging sensor fleet
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11:40 EDTGEAmerican selects CFM engine to power A320 in order valued $2.6B
American Airlines (AAL) has selected CFM International’s advanced LEAP-1A engine to power its new fleet of 100 Airbus (EADSY) A320neo family aircraft. CFM values the engine order at $2.6B U.S. at list price. The aircraft order was originally announced in July 2011 and American will begin taking delivery in 2017. American also has orders for LEAP-1B engines to power 100 Boeing 737 MAX aircraft, which are also scheduled to be delivered beginning in 2017. American has been a CFM customer since 1996 and the airline’s fleet includes 375 Airbus A320 Family and Boeing 737 aircraft powered by CFM56 engines. CFM International is a 50/50 joint company between Safran and General Electric (GE).
July 12, 2014
18:08 EDTGE, UTXeasyJet said to choose GE-Safran engine for Airbus jets, WSJ says
easyJet (ESYJY) is set to order engines from a partnership of General Electric (GE) and France's Safran to power 100 Airbus Group (EADSY) NV A320neo jets, says the Wall Street Journal. According to the WSJ report United Technologies (UTX) unit Pratt & Whitney was also aggressively competing for the order. Reference Link
16:35 EDTUTXSikorsky, Boeing selected to develop ‘Digital Backbone’ for Future Vertical Lift
Boeing (BA) and Sikorsky Aircraft, a subsidiary of United Technologies (UTX) have been selected to help develop the Joint Common Architecture, JCA, standard for the U.S. Army’s Joint Multi-Role, JMR, Science and Technology program, an element of the Future Vertical Lift, FVL, initiative. The Technology Investment Agreement was awarded by the U.S. Army Aviation Applied Technology Directorate on June 30.
July 11, 2014
08:49 EDTRYCEYAirbus sees upgraded A330 jet 14% more fuel efficient, WSJ reports
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08:05 EDTGEGE Capital increases credit facility for OraMetrix
GE Capital’s Healthcare Financial Services business announced that it is the sole lender on a $10M senior secured term loan for OraMetrix. This transaction refinances the company’s previous $7.5M multi-draw senior secured term loan facility and provides it with an additional $2.5M. The funds will be used for working capital and growth initiatives.
08:03 EDTGEGE Capital provides MerchSource with $130M credit facility
GE Capital announced it is providing MerchSource with a $130M senior credit facility providing working capital for the company’s operations in the U.S. and Hong Kong.
07:46 EDTERJEmbraer announce partnership in joint programme management with Saab
Embraer and Saab have signed a memorandum of understanding to partner in joint programme management for the F-X2 Project, pursuant to the selection of the Gripen NG as Brazil's next generation fighter jet. Under this agreement Embraer will perform a role in the overall programme performance as well as undertake an extensive share of work in the production and delivery of both the single and two-seat versions of the state-of-the-art Gripen NG aircraft for the Brazilian Air Force. Embraer will coordinate all development and production activities in Brazil on behalf of Saab and, in addition to its own extensive work packages, will participate in systems development, integration, flight tests, final assembly and deliveries. Furthermore, Embraer and Saab will be jointly responsible for the complete development of the two-seat version of the Gripen NG, at the same time that a strategic partnership for future global promotion and marketing of both single and two-seat versions is being discussed between the two companies. The agreement will be implemented following a successful conclusion of the ongoing discussions between Saab and Brazil relating to the finalization of F-X2 contracts. These talks are proceeding as planned and it is hoped to reach a positive outcome by the end of 2014.
07:45 EDTGEWith Alstom agreement settled, attention on GE turns to earnings, Reuters says
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July 10, 2014
13:58 EDTUTXPentagon says F-35 fire may have been isolated incident, The Hill says
A fire on an F-35 Joint Strike Fighter plane may have been an isolated incident, and not indicative of a systemic problem, the Pentagon’s chief weapons buyer told lawmakers today, according to The Hill. The Pentagon has grounded the planes, which are made by Lockheed Martin (LMT) and United Technologies (UTX). Reference Link
08:12 EDTUTXPratt & Whitney, U.S. government close to $2B engine deal, WSJ reports
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07:29 EDTGEGeneral Electric volatility elevated into Q2 and revenue outlook
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