New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 20, 2014
17:23 EDTUTXSikorsky Aircraft awarded $115.7M government contract
Sikorsky Aircraft Corp., Stratford, Connecticut, is being awarded $115,705,556 for firm-fixed-price delivery order 4019 against a previously issued Basic Ordering Agreement (N00019-14-G-0004). This order provides for non-recurring engineering and program support for the production and delivery of nine MH-60R aircraft for the Danish Defense Acquisition and Logistics Organization under the Foreign Military Sales program. Work is expected to be completed in July 2018. FMS funds in the amount of $115,587,382 will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity. Sikorsky Aircraft is a division of United Technologies (UTX).
News For UTX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent UTX news | >>
July 23, 2015
10:00 EDTUTXOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:54 EDTUTXUnited Technologies upgraded to Outperform from Market Perform at Cowen
Subscribe for More Information
July 22, 2015
10:01 EDTUTXOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:06 EDTUTXUnited Technologies price target lowered to $118 from $136 at UBS
UBS lowered its price target on United Technologies to $118 from $136 following its Q2 report. The firm cited headwinds from China and the aero aftermarket, but believes earnings may be at a bottom. UBS maintained its Buy rating on United Technologies shares.
07:05 EDTUTXUnited Technologies downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded United Technologies to Hold citing the company's reduced guidance and "uncompelling" earnings potential in 2016 and 2017. Deutsche reduced its price target for shares to $112 from $128. United Technologies was also downgraded this morning at Atlantic Equities.
06:33 EDTUTXUnited Technologies downgraded to Neutral from Overweight at Atlantic Equities
Subscribe for More Information
July 21, 2015
16:28 EDTUTXOn The Fly: Top stock stories for Tuesday
Subscribe for More Information
12:21 EDTUTXOn The Fly: Top stock stories at midday
Subscribe for More Information
09:21 EDTUTXOn The Fly: Pre-market Movers
Subscribe for More Information
09:00 EDTUTXUnited Technologies says 'disappointment would be a severe understatement'
The company said it has been more aggressive on the downside so that it doesn't want to over promise and not deliver. Cites pricing pressure in Otis after-market in Europe and slowdown in China. Expects headwinds of negative engine in Pratt, China slowdown, and slow Europe recovery will continue next year. Says US economic is better than expected and that should also continue.
08:57 EDTUTXUnited Technologies says 'done with big divestitures'
Subscribe for More Information
08:55 EDTUTXUnited Technologies says Sikorsky deal allows it to be 'focused on core'
Subscribe for More Information
08:55 EDTUTXUnited Technologies says commercial after-market sales to be up low single digit
Subscribe for More Information
08:47 EDTUTXUnited Technologies says good demand for parts, but down compared to last year
Subscribe for More Information
08:36 EDTUTXUnited Techonologiessees near-term weakness, but long-term is strong
Subscribe for More Information
08:35 EDTUTXUnited Technologies sees Sikorsky transaction to close around year end
Subscribe for More Information
07:11 EDTUTXUnited Technologies lowers FY15 cont. ops EPS to $6.15-$6.30, consensus $6.85
Subscribe for More Information
07:08 EDTUTXUnited Technologies sees commercial Aerospace aftermarket below expectations
"With six months of trends behind us, it is now clear the commercial aftermarket at UTC Aerospace Systems will be significantly below our expectations for the year. This, along with continuing softness in Otis Europe and a slowing China, led us to reassess our 2015 outlook for UTC Aerospace Systems and Otis. We now expect 2015 operating profit at UTC Aerospace Systems to be down $25M-$75M and at Otis to be down $25M-$75M at constant currency. Including the adverse impact of FX, we expect profit at Otis to be down $300M-$350M compared to prior year. While this revised forecast is disappointing, we remain confident in our long term outlook for the business. We have industry leading franchises, strong recurring revenue streams and have focused our portfolio on attractive end markets. We will accelerate aggressive cost reduction across the businesses and look for additional structural cost actions that can drive earnings growth well into the future. We will also look to deploy additional capital to share repurchase and M&A," said Gregory Hayes, UTC President and CEO.
07:06 EDTUTXUnited Technologies reports Q2 EPS ex-items $1.81, consensus $1.71
Subscribe for More Information
06:53 EDTUTXUnited Technologies eyes takeovers after Sikorsky deal, Reuters says
United Technologies (UTX), following a deal to sell its Sikorsky helicopter unit to Lockheed Martin (LMT), is expected to seek acquisition targets, Reuters says, citing analysts from Sterne Agee and Edward Jones. United Technologies said it planned to use SIkorsky's profit contribution to repurchase shares, the report says, though Sterne Agee analyst Peter Arment says that the sale gives United Tech the flexibility needed to pursue acquisitions. Reference Link
1 | 2 | all recent UTX news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use