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Stock Market & Financial Investment News

News Breaks
July 15, 2014
07:57 EDTUTXSaudiGulf Airlines selected the IAE V2500 engines
SaudiGulf Airlines has selected the International Aero Engines, or IAE, V2500 engine to power four A320ceo aircraft and has also signed an eight-year V- Services maintenance service agreement with IAE. SaudiGulf is a new airline based in the Kingdom of Saudi Arabia with headquarters in Dammam and is planning to commence services in 2015. IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney - a subsidiary of United Technologies- Pratt & Whitney Aero Engines International, Japanese Aero Engines Corporation and MTU Aero Engines.
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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