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Stock Market & Financial Investment News

News Breaks
February 25, 2014
08:05 EDTUTX, XLSExelis 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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March 23, 2015
08:13 EDTUTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:12 EDTUTXOtis selected for Hudson Yards development
Otis has entered into a multimillion-dollar agreement with related companies to supply elevator and escalator units for the new Hudson Yards development in Manhattan's West Side. As part of its contract, the world's largest manufacturer and maintainer of people-moving products will provide 73 units for 30 Hudson Yards, a 92-story, 2.6 million-square-foot tower that will be among the first to be constructed at the site. Founded by the inventor of the safety elevator, Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies.
08:01 EDTUTXUTC Aerospace Systems awarded $39M contract from Naval Surface Warfare Center
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