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Stock Market & Financial Investment News

News Breaks
June 17, 2013
06:36 EDTMSBHY, UTXMitsubishi Corp to acquire 11 Sikorsky S-76D helicopters for Japan Coast Guard
Mitsubishi Corporation (MSBHY) has contracted with Sikorsky Aircraft, a subsidiary of United Technologies (UTX), to acquire 11 S-76D helicopters for use in Search and Rescue operations by the Japan Coast Guard.
News For UTX;MSBHY From The Last 14 Days
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March 4, 2015
07:08 EDTUTXUnited Technologies subsidiary begins final assembly of second Raider helicopter
United Technologies subsidiary Sikorsky Aircraft started final assembly of the second S-97 RAIDER helicopter at the company's Development Flight Center. Sikorsky is developing two RAIDER prototypes. Sikorsky is on track to complete final assembly and test flights of the second RAIDER prototype in 2015, followed by demonstration flights beginning in 2016.
07:05 EDTUTXUnited Technologies subsidiary awarded $8M contract from DARPA
United Technologies subsidiary Sikorsky Aircraft Corp. has been awarded an $8M contract by the Defense Advanced Research Projects Agency for Phase 1 of the Aircrew Labor In-Cockpit Automation System program.
March 3, 2015
08:11 EDTUTXSaab opens Sikorsky-authorized S-92 support center in Norway
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08:08 EDTUTXFAA approves GWE for Sikorsky's S-92
Sikorsky Aircraft announced the certification by the Federal Aviation Administration, or FAA, of a gross weight expansion, or GWE, for the S-92 helicopter production configuration. The GWE increases the maximum take-off gross weight from 26,500 to 27,700 pounds allowing operators to carry an additional 1,200 pounds of payload. In addition to GWE, the FAA also certified Sikorsky's S-92 helicopter integrated Traffic Collision Avoidance System, or TCAS, II. Sikorsky Aircraft is a subsidiary of United Technologies.
08:07 EDTUTXEASA approves VIP Type Certificate for Sikorsky's S-76D helicopter
The European Aviation Safety Administration, or EASA, has approved the VIP Type Certificate for the S-76D helicopter, allowing for operation of the aircraft in Europe. Sikorsky Aircraft is a subsidiary of United Technologies.
08:03 EDTUTXEra Group accepted delivery of a baseline S-92 helicopter
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March 2, 2015
17:21 EDTUTXSikorsky Aircraft awarded $241.7M government contract
Sikorsky Aircraft, a United Technologies company, was awarded a $241.7M modification to contract W58RGZ-12-C-0008 to exercise option for a quantity of 22 UH-60M aircraft to support contingency operations. FY15 other procurement funds in the amount of $241.7M were obligated at the time of the award. Estimated completion date is Dec. 31, 2016. Work will be performed in Stratford, Connecticut.
February 27, 2015
18:10 EDTUTXLockheed Martin, United Technologies JV awarded $2B government contract
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February 25, 2015
17:23 EDTUTXUnited Technologies awarded $407M government contract
United Technologies Corp., East Hartford, Connecticut, has been awarded a $407M indefinite-delivery/indefinite-quantity contract for engine component improvement program. Contractor will provide design improvement, life management/analysis, repair development and test of engines produced by Pratt & Whitney. Work will be performed at East Hartford, Connecticut, and is expected to be complete by Dec. 31, 2021. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Fiscal year 2015 research, development, test and evaluation funds in the amount of $5M are being obligated at the time of award for task order 0001. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
07:09 EDTUTXUnited Technologies price target to $138 ahead of Analyst Day at Credit Suisse
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February 23, 2015
06:51 EDTUTXAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
February 20, 2015
06:27 EDTUTXUnited Tech's Sikorsky may look to make military helicopters in India, WSJ says
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