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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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July 1, 2015
15:36 EDTUTXEngine makers compete for Chinese contracts after Airbus order, Reuters says
Following China's large Airbus (EADSY) order on Tuesday, certain aircraft engine manufacturers are competing to secure contracts with Chinese airlines, reports Reuters, citing industry sources. Reuters notes that the Airbus A330s ordered by China are available with a choice of engines from General Electric (GE), United Technologies (UTX), and Rolls-royce (RYCEY). Reference Link
June 30, 2015
17:30 EDTUTXPratt and Whitney awarded $269.36M government contract modification
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June 26, 2015
07:26 EDTUTXSRA International exploring sale or IPO, Reuters reports
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June 24, 2015
08:03 EDTUTXUnited Technologies unit selected by IndiGo to supply Airbus wheels and brakes
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June 19, 2015
16:24 EDTUTXStocks end week higher after Fed reassures on gradual pace of rate increases
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