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Stock Market & Financial Investment News

News Breaks
November 15, 2012
17:00 EDTUTXUnited Technologies announces Pratt & Whitney expansion at West Palm Beach
United Technologies announced that its Pratt & Whitney unit will expand manufacturing capabilities at the company's West Palm Beach facility. The formal announcement was made by UTC Chairman & Chief Executive Officer Louis Chenevert and Florida Governor Rick Scott during a press conference at the West Palm Beach facility, which is shared by both Pratt & Whitney and Sikorsky Aircraft, another United Technologies company. Pratt & Whitney plans to invest more than $63M to construct and equip a new building and make improvements to existing space at the facility. Construction is expected to begin in the first half of 2013. Overall, the expansion is expected to result in creation of 230 new jobs. To support this expansion, Pratt & Whitney will receive incentives from both the State of Florida and Palm Beach County valued at approximately $4.4M.
News For UTX 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 26, 2015
07:26 EDTUTXSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
08:03 EDTUTXUnited Technologies unit selected by IndiGo to supply Airbus wheels and brakes
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June 19, 2015
16:24 EDTUTXStocks end week higher after Fed reassures on gradual pace of rate increases
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June 18, 2015
08:21 EDTUTXUnited Technologies-led consortium signs maintenance agreement with Air Serbia
Pratt & Whitney unit Pratt & Whitney announced that Air Serbia, the national airline of the Republic of Serbia, has entered into a V-Services Fixed Price Agreement to maintain its 21 V2500 engines. The V2500 engine is offered through IAE International Aero Engines AG, an aero engine consortium led by Pratt & Whitney, in collaboration with Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines.
07:43 EDTUTXRolls-Royce to refresh line of business-jet engines, WSJ reports
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