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News Breaks
July 3, 2014
09:01 EDTUTX, WSOWatsco increases ownership in joint venture with Carrier
Watsco (WSO) announced that it has acquired an additional 10% ownership interest in Carrier Enterprise, a joint venture with Carrier, a part of UTC Building & Industrial Systems, a unit of United Technologies (UTX). The transaction raises Watsco’s ownership stake to 80%. Consideration for the purchase was approximately $90M and was paid in cash.
News For WSO;UTX From The Last 14 Days
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May 6, 2015
08:17 EDTUTXUnited Technologies underperformance typical after analyst day, says UBS
UBS noted the recent underperformance of United Technologies following its analyst day and said the pattern has been seen over the past few year. UBS sees the potential for accelerating earnings growth, further M&A portfolio shaping, and reasonable valuation as reasons to reiterate its Buy rating and $136 price target on United Technologies shares.
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 27, 2015
11:47 EDTWSOWatsco management to meet with William Blair
Luncheon Meeting to be held in New York on April 28 at 12:30 pm hosted by William Blair.

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