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Stock Market & Financial Investment News

News Breaks
February 25, 2014
08:05 EDTXLS, UTXExelis receives contract worth over $34M from Sikorsky
Exelis (XLS) has been awarded a contract valued in excess of $34M from Sikorsky (UTX) to produce major structural airframe components for four production-representative CH-53K heavy lift helicopters. Designated as System Demonstration Test Articles, the four aircraft will enable the U.S. Marine Corps to conduct operational evaluation of the new helicopter system beginning in 2017. Exelis will fabricate and assemble the composite sponsons, the tail rotor pylon and the horizontal stabilizer of the CH-53K heavy lift helicopter. Production will take place at the Exelis composite design and manufacturing center in Salt Lake City, Utah.
News For XLS;UTX From The Last 14 Days
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July 15, 2014
06:56 EDTUTXU.S. officials remove grounding order for Lockheed F-35s, Reuters says
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05:50 EDTUTXUTC Aerospace to provide wheels, brakes, MRO to Cathay Pacific Airways
UTC Aerospace Systems has been selected by Cathay Pacific Airways to supply the wheels and carbon brakes for its fleet of forty eight A350-900/A350-1000 aircraft on firm orders. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. Cathay Pacific Airways will take delivery of their first A350-900 aircraft in 2016. UTC Aerospace Systems is a unit of United Technologies.
05:49 EDTUTXUnited Technologies to provide wheels, brakes to Jet Airways, Jet Lite
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05:39 EDTUTXUnited Technologies, Firth Rixson sign ten-year agreement valued over $1B
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July 14, 2014
13:35 EDTXLSExelis awarded $32M U.S. Air Force contract
Exelis has been awarded a $32M contract by the U.S. Air Forces in Europe for maintenance services at the government family housing facilities within the Kaiserslautern Military Community in Germany. The 700th Contracting Squadron from Kapaun Air Station in Kaiserslautern is the contracting agency. This is a combination contract with firm-fixed price and cost-reimbursable elements. It includes the base year plus four option years that run through September 2019. Exelis will provide all necessary support to maintain more than 1,900 family housing units at Landstuhl, Ramstein Air Base and Vogelweh Military Housing Complex, also known as Kaiserslautern Military Community Housing.
07:58 EDTUTXUnited Technologies' PurePower and V2500 engines selected by VivaAerobus
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07:24 EDTUTXPratt & Whitney says Cseries defect is seal problem in oil system, Reuters says
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07:04 EDTUTXAlcoa announces $1.1B supply agreement with Pratt & Whitney
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05:32 EDTUTXUTC Aerospace enters long-term agreement with SkyWest
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05:30 EDTUTXUTC Aerospace selected by Airbus to provide wheels, brakes for A320neo facility
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July 13, 2014
20:57 EDTUTXPratt & Whitney PurePower engine saves additional 2% on fuel burn
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12:56 EDTUTXUTC Aerospace selected by Airbus for long-term maintenance pact
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12:51 EDTUTXUTC Aerospace selected by Boeing for wheels, brakes on 737 MAX
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12:47 EDTUTXUTC Aerospace awarded USAF contract to upgrade SYERS-2 imaging sensor fleet
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July 12, 2014
18:08 EDTUTXeasyJet said to choose GE-Safran engine for Airbus jets, WSJ says
easyJet (ESYJY) is set to order engines from a partnership of General Electric (GE) and France's Safran to power 100 Airbus Group (EADSY) NV A320neo jets, says the Wall Street Journal. According to the WSJ report United Technologies (UTX) unit Pratt & Whitney was also aggressively competing for the order. Reference Link
16:35 EDTUTXSikorsky, Boeing selected to develop ‘Digital Backbone’ for Future Vertical Lift
Boeing (BA) and Sikorsky Aircraft, a subsidiary of United Technologies (UTX) have been selected to help develop the Joint Common Architecture, JCA, standard for the U.S. Army’s Joint Multi-Role, JMR, Science and Technology program, an element of the Future Vertical Lift, FVL, initiative. The Technology Investment Agreement was awarded by the U.S. Army Aviation Applied Technology Directorate on June 30.
July 10, 2014
13:58 EDTUTXPentagon says F-35 fire may have been isolated incident, The Hill says
A fire on an F-35 Joint Strike Fighter plane may have been an isolated incident, and not indicative of a systemic problem, the Pentagon’s chief weapons buyer told lawmakers today, according to The Hill. The Pentagon has grounded the planes, which are made by Lockheed Martin (LMT) and United Technologies (UTX). Reference Link
08:12 EDTUTXPratt & Whitney, U.S. government close to $2B engine deal, WSJ reports
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July 8, 2014
08:36 EDTUTXUncertain if F-35s will fly in time for shows, The Hill says
The Pentagon's decision to ground its fleet of F-35 Joint Strike Fighters, built by Lockheed Martin (LMT) and United Technologies (UTX), comes ahead of two major air shows scheduled for next week, according to The Hill. Officials said yesterday that it's uncertain if the planes will be allowed to fly in time for the shows, the newspaper added. Reference Link
06:22 EDTUTXBoeing faces risk to long-term credit if Export-Import Bank is closed, WSJ says
According to a new study by S&P, Boeing (BA) could have to double its financial backing to airline and leasing-company clients over the long term if U.S. lawmakers decide to close the Export-Import Bank, the Wall Street Journal reports. S&P says that a significant expansion of its direct loans and guarantees risks harm to Boeing's long-term credit rating. Other manufacturers, like United Technologies (UTX), Caterpillar (CAT) and General Electric (GE), also face risks should the bank be eliminated. Reference Link
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