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Stock Market & Financial Investment News

News Breaks
December 27, 2012
17:39 EDTUTXUnited Technologies unit awarded $222.65M government contract modification
United Technologies, Pratt and Whitney, is being awarded a not to exceed $222.65M contract modification contract for F119 engine sustainment. Work is expected to be completed by Dec. 31, 2013.
News For UTX From The Last 14 Days
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September 15, 2014
17:36 EDTUTXSikorsky Aircraft awarded $203.57M government contract modification
Sikorsky Aircraft, a United Technologies company, was awarded a $203.57M modification to firm-fixed-price contract W58RGZ-12-C-0008 to procure 18 Green UH-60M Blackhawk helicopters, and 18 foreign military sales Green government furnished property to contractor furnished property, to support the Mexican Air Force. FY14 other procurement funds in the amount of $203.57M were obligated at the time of the award. Estimated completion date is May 30, 2016.
September 6, 2014
17:51 EDTUTXUnited Technologies could return 20%, Barron's says
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September 4, 2014
07:28 EDTUTXPentagon official says close to F-35 engine fix, Reuters says
Pentagon chief arms purchaser Frank Kendall said that the U.S. military is getting closer in figuring out how to fix the engine that fuels Lockheed Martin's (LMT) F-35 fighter jet, while Pratt & Whitney said it will pay to retrofit the 156 engines which were already delivered, according to Reuters, citing comments from Kendall. Pratt & Whitney is the United Technologies (UTX) division that manufacturers the engine. Reference Link
06:52 EDTUTXPratt & Whitney will give compensation for F-35 engine retrofits, Reuters says
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September 2, 2014
08:01 EDTUTXUnited Technologies concerns overdone, says Morgan Stanley
Morgan Stanley said United Technologies underperformance due to China real-estate and Commercial Aero OE outlook are overdone. The firm said Oits China growth is not that impactful and Commercial Aero OE cycle risks are immaterial. The firm believes revenue underperformance will reverse and that consensus estimates are reasonable, positioning shares for outperformance. The firm rates United Technologies an Overweight with a $129 price target.

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