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Stock Market & Financial Investment News

News Breaks
June 26, 2014
17:21 EDTUTXUnited Technologies subsidiary awarded Air Force contract
Sikorsky Aircraft, a subsidiary of United Technologies, has been awarded a U.S. Air Force contract to develop new combat search and rescue helicopters. Sikorsky will develop a derivative of the UH-60M BLACK HAWK model for the Air Force's rescue mission. The award of an estimated $1.28B Engineering & Manufacturing Development contract includes development and integration of the rescue mission systems; delivery of four Combat Rescue Helicopters; as well as seven aircrew and maintainer training systems. Initial training of Air Force aircrew and maintainers and five Combat Rescue Helicopters are also expected to be delivered by 2020, once additional aircraft and training options are exercised. This contract is the first step in the eventual production and fielding of up to 112 aircraft with a potential value of approximately $7.9B. Eventual production quantities would be determined year-by-year over the life of the program, based on funding allocations set by Congress and the U.S. Department of Defense acquisition priorities.
News For UTX From The Last 14 Days
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May 20, 2015
06:06 EDTUTXUnited Technologies in talks to sell Sikorsky unit, WSJ reports
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May 19, 2015
07:18 EDTUTXElectric Products Group to hold a conference
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May 15, 2015
18:40 EDTUTXPratt & Whitney awarded $105M government contract modification
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May 12, 2015
09:19 EDTUTXBombardier teams up with Pratt & Whitney
Bombardier announced that it has teamed up with Pratt & Whitney to develop and implement a data management service for the CSeries aircraft - part of the overall Bombardier Aircraft Health Management System, or AHMS, capable of transmitting real-time and recorded data from the aircraft. The AHMS will facilitate remote troubleshooting and deliver efficient and accurate diagnostics for use by maintenance and flight crews. Under this agreement, Pratt & Whitney's eFAST system will be the infrastructure unit used to perform data transmissions from the CSeries aircraft's on-board Health Management Unit to the ground. Along with Bombardier, they will make up the data acquisition structure which will automatically download, process and store data that will be available for upload to respective customer portals. Pratt & Whitney's is a subsidiary of United Technologies .
09:07 EDTUTXPratt & Whitney signs data management service agreement with Bombardier
Bombardier (BDRBF) announced that it has teamed up with Pratt & Whitney, a United Technologies (UTX) company, to develop and implement a data management service for the CSeries aircraft - part of the overall Bombardier Aircraft Health Management System, or AHMS, capable of transmitting real-time and recorded data from the aircraft. The AHMS will facilitate remote troubleshooting and deliver efficient and accurate diagnostics for use by maintenance and flight crews. Under this agreement, Pratt & Whitney's eFAST system will be the infrastructure unit used to perform data transmissions from the CSeries aircraft's on-board Health Management Unit, or HMU, to the ground. Along with Bombardier, they will make up the data acquisition structure which will automatically download, process and store data that will be available for upload to respective customer portals.
06:51 EDTUTXFinmeccanica not interested in bidding for Sikorsky, Reuters reports
Finmeccanica said yesterday that it is not interested in bidding for United Technologies' Sikorsky unit, Reuters reports. United Technologies is considering its options for Sikorsky, including whether to spin the unit off. Reference Link

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