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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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April 1, 2015
07:43 EDTUTXBofA/Merrill strategist holds an analyst/industry conference call
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March 31, 2015
08:04 EDTUTXUTC Aerospace Systems selected by Qatar Airways to supply wheels, brakes
UTC Aerospace Systems has been selected by Qatar Airways to supply the wheels and carbon brakes for its fleet of 43 Airbus A350-900 aircraft. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. Qatar Airways took delivery of their first A350-900 aircraft in December 2014.
March 23, 2015
08:13 EDTUTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:12 EDTUTXOtis selected for Hudson Yards development
Otis has entered into a multimillion-dollar agreement with related companies to supply elevator and escalator units for the new Hudson Yards development in Manhattan's West Side. As part of its contract, the world's largest manufacturer and maintainer of people-moving products will provide 73 units for 30 Hudson Yards, a 92-story, 2.6 million-square-foot tower that will be among the first to be constructed at the site. Founded by the inventor of the safety elevator, Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies.
08:01 EDTUTXUTC Aerospace Systems awarded $39M contract from Naval Surface Warfare Center
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