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Stock Market & Financial Investment News

News Breaks
March 4, 2014
14:03 EDTUTXUnited Technologies: Sikorsky signs agreements with the Turkish government
Sikorsky Aircraft Corp., a subsidiary of United Technologies, has signed agreements with the Turkish government and key Turkish aerospace contractors that license Turkey's aerospace industry to manufacture 109 T-70 helicopters -Turkish variants of Sikorsky's S-70i International BLACK HAWK helicopter- for operation by the Turkish Government, and to assemble 109 S-70i helicopters for Sikorsky. The agreements license the transfer of certain manufacturing technology to Turkish industry, and provide for the potential to produce up to a total of 600 aircraft, including both T-70 units for Turkish indigenous use and S-70i aircraft for export over the next 30 years. The agreements are subject to requisite export approvals.
News For UTX From The Last 14 Days
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September 4, 2015
17:10 EDTUTXUnited Technologies awarded $249.8M government contract modification
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September 2, 2015
08:04 EDTUTXChampion Aerospace and United Technologies announce long-term supply agreements
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August 31, 2015
12:54 EDTUTXUnited Technologies shares fall as two firms offer differing views
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10:02 EDTUTXOn The Fly: Analyst Downgrade Summary
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09:33 EDTUTXUnited Technologies falls, levels to watch
Shares are down 2.5% at time of writing to $90.92. At that price next support is at $90.56 and then at $88.80. Resistance is at the 10-day moving average, last at $93.52. Barclays earlier downgraded the shares to Equal Weight and cut its price target to $100 from $120.
08:22 EDTUTXUnited Technologies risk/reward compelling, says Cowen
Cowen views the risk/reward for United Technologies as compelling, calling for limited downside and 25% upside to shares. Cowen sees the company's aftermarket franchises intact with expectations for solid earnings and free cash flow gains. The firm reiterated its Outperform rating but lowered its price target to $116 from $119 on United Technologies shares.
05:37 EDTUTXUnited Technologies downgraded to Equal Weight from Overweight at Barclays
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August 27, 2015
08:07 EDTUTXUnited Technologies selected by easyJet as Airbus parts supplier
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August 25, 2015
08:21 EDTUTXUnited Technologies reaffirms FY15 cont. ops EPS $6.15-$6.30, consensus $6.21
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