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Stock Market & Financial Investment News

News Breaks
July 23, 2014
05:28 EDTUTXUnited Technologies downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded United Technologies to Market Perform following the company's Q2 results saying the 2015 consensus earnings estimate is likely too high. Wells lowered its price target range for shares to $110-$115 from $128-$132.
News For UTX From The Last 14 Days
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April 30, 2015
17:43 EDTUTXPratt & Whitney awarded $156.96M government contract
United Technologies, Pratt & Whitney Military Engines, is being awarded a $156.96M,110 fixed-price-incentive-firm target advance acquisition contract to procure long lead-time components, parts, materials and effort in support of 90 low-rate initial production Lot X F-135 propulsions systems for the F-35 Lightning II Joint Strike Fighter aircraft. These systems include 44 F-135-PW-100 for the Air Force; 9 F-135-PW-600 for the Marine Corps; and 2 F-135-PW-100 for the Navy. In addition, this contract provides for the procurement of 30 F-135-PW-100 and 5 F135-PW-600 systems for international partners and Foreign Military Sales customers. Work will be performed in East Hartford, Connecticut; Indianapolis, Indiana; and Bristol, United Kingdom; and is expected to be completed in September 2017. FY15 aircraft procurement funds, as well as international partner and Foreign Military Sales funds in the amount of $156.96M are being obligated at time of award, none of which will expire at the end of the current fiscal year.
April 29, 2015
09:03 EDTUTXUnited Technologies and Huntington Ingalls partner for submarine components
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April 28, 2015
17:32 EDTUTXPratt & Whitney awarded $325M government contract
Pratt & Whitney, Military Engines, a United Technologies company, has been awarded a $325M indefinite-delivery/indefinite-quantity contract for Versatile Affordable Advanced Turbine Engines, or VAATE, III and beyond. The VAATE program is a joint government and industry effort to develop revolutionary and innovative technologies by the 2017 timeframe that will permit an order of magnitude increase in turbo-propulsion affordability over the year 2000 state-of-the-art technology. This effort focuses on Phase III of the VAATE program with future efforts for beyond Phase III. Work will be performed in East Hartford, Connecticut, and is expected to be complete by April 27, 2023. This award is the result of a competitive acquisition with 34 offers received. Fiscal 2014 and 2015 research, development, test and evaluation funds in the amount of $421,000 are being obligated for task order 0001 at the time of award.
07:24 EDTUTXDucommun announces long-term supply agreement with United Technologies
Ducommun (DCO) announced that it has finalized a long-term supply agreement with United Technologies (UTX), expanding the company’s current involvement on several key programs and opening new opportunities to provide complex electronic and structural assemblies and systems across UTC’s aerospace business units.
April 21, 2015
13:45 EDTUTXPoland to buy eight Patriot missile batteries from Raytheon, Reuters says
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12:33 EDTUTXOn The Fly: Top stock stories at midday
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08:41 EDTUTXOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
07:04 EDTUTXUnited Technologies backs FY15 EPS view of $6.85-$7.05, consensus $6.98
Sees FY15 revenue $65B-$66B, consensus $65.38B. Gregory Hayes, UTC president and CEO, stated, "Although commercial aerospace aftermarket growth was slower in the quarter than we anticipate for the year. The commercial building business in the U.S. is looking better and I'm encouraged by the signs of growth that we're seeing in Europe. We remain confident in our expectations of 3%-5% organic top line growth and sales of $65B-$66B, and this continues to support our EPS guidance of $6.85-$7.05 in 2015."
07:03 EDTUTXUnited Technologies reports Q1 EPS ex-items $1.51, consensus $1.45
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07:00 EDTUTXUnited Technologies reports Q1 EPS $1.58, consensus $1.45
Reports Q1 revenue $14.54B, consensus $14.88B.
April 20, 2015
15:37 EDTUTXNotable companies reporting before tomorrow's open
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14:27 EDTUTXUnited Technologies technical notes ahead of results
The key technical feature on the 1-year chart is a potential bearish head and shoulders top pattern. That pattern will not become active unless there is a move below the $115 area. On worse than expected news or outlook given that price is currently at $166.50, such a move would be highly probable. The downside potential for the pattern if it becomes active and completes is to the $105 area. If the news is more bullish than current expectations would suggest, the first level of significance on the upside would be at the 50-day moving average at $119.48. A breakout above the 50-day would be bullish with news resistance at $124.45, the 52-week high.

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