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Stock Market & Financial Investment News

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February 7, 2014
07:44 EDTUTXUnited Technologies CFO won't comment on Sikorsky spin rumor, AP says
United Technologies CFO Greg Hayes said its Sikorsky helicopter unit has a "bright future," but declined to comment on a report that the conglomerate could sell or spin off the business, according to Associated Press, citing Hayes' comments at an aerospace defense conference. Reference Link
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April 15, 2014
12:01 EDTUTXUTC Aerospace Systems, AVIC EM open electric system JV facility
UTC Aerospace Systems and AVIC Electromechanical Company Limited announced the opening of their joint venture facility: Xi'an AVIC Hamilton Sundstrand Aviation Electric Co., located within the Xi'an Hi-tech Industries Development Zone. The joint venture was formed to develop and manufacture the electric power system for the new C919 jetliner, built by Commercial Aviation Corporation of China. UTC Aerospace Systems is a unit of United Technologies and AVIC EM is a subsidiary of Aviation Industry Corporation of China. AUAE is a 50-50 joint venture established by UTC Aerospace Systems' Hamilton Sundstrand Holdings, Inc. and AVIC EM's subsidiary Shaanxi Aero Electric Co., Ltd. to develop and manufacture electric power systems for COMAC's C919 as well as supply UTC Aerospace Systems equipment for the international market.
April 9, 2014
07:21 EDTUTXPentagon expects Lockheed, Pratt deal on F-35 lot by May's end, Reuters says
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April 8, 2014
08:33 EDTUTXUTC Aerospace Systems business signs agreement with JetBLue Airways
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April 7, 2014
15:03 EDTUTXUnited Technologies unit to provide engines for 30 more Lufthansa A320neos
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