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United States

United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

114.10USD
20 Sep 2017
Change (% chg)

$0.45 (+0.40%)
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Latest Key Developments (Source: Significant Developments)

United Tech says all units to be flat to up in earnings in 2018
Thursday, 14 Sep 2017 12:00pm EDT 

Sept 14 (Reuters) - United Technologies Corp ::All business units will be flat to up in earnings in 2018 - CFO on Morgan Stanley conf.On track to deliver 350-400 Pratt & Whitney GTF engines in 2017 - CFO on Morgan Stanley conf.Sees improving trends in China but will continue to be headwind in 2018 - CFO on Morgan Stanley conf.Seeing improving trend in the maintenance business in Europe - CFO on Morgan Stanley conf.Working with Airbus to see if co wants to reallocate or change mix between new aircraft versus lease engines - CFO.  Full Article

United Technologies expects to grow adjusted EPS in 2018 after impact of accounting standards change
Thursday, 14 Sep 2017 11:01am EDT 

Sept 14 (Reuters) - United Technologies Corp ::Expects to grow adjusted EPS in 2018 after the impact of accounting standards change - presentation‍​.  Full Article

United Technologies says if merger agreement terminated under specified circumstances, Rockwell Collins to pay co termination fee of $695 million
Wednesday, 6 Sep 2017 05:07pm EDT 

Sept 6 (Reuters) - Rockwell Collins Inc ::United Technologies says if merger agreement terminated under specified circumstances, Rockwell Collins to pay co termination fee of $695 million .  Full Article

United Technologies CEO Greg Hayes on CNBC says anti-trust risk is very low on deal with Rockwell Collins
Tuesday, 5 Sep 2017 09:58am EDT 

Sept 5 (Reuters) - :United Technologies CEO Greg Hayes on CNBC says anti-trust risk is very low on deal with Rockwell Collins.United Technologies CEO Greg Hayes on CNBC says will look at splitting up if deal does not work.United Technologies CEO Greg Hayes says on DACA, "we have to be compassionate" - CNBC.  Full Article

United Technologies nears deal to buy Rockwell Collins - CNBC, citing DJ
Tuesday, 29 Aug 2017 10:41am EDT 

Aug 29 (Reuters) - :United Tech. nears deal to buy Rockwell Collins, discuss price of $140 per share or less - CNBC, citing DJ.  Full Article

United Technologies weighs deal for Rockwell Collins - Bloomberg
Friday, 4 Aug 2017 04:54pm EDT 

Aug 4 (Reuters) - :United Technologies weighs deal for Rockwell Collins - Bloomberg, citing sources.  Full Article

India's Indigo says delay in A320neo supply hurting profitability
Monday, 31 Jul 2017 08:52am EDT 

July 31 (Reuters) - India's Indigo :Exec says continue to have high number of engine removals, sufficient engine replacements not available.Exec says have had to ground as many as 9 a320neos because of engine issues.Exec says delay in a320neo deliveries impacting profitability.Exec says expect to start owning more aircraft, reduce sale and leaseback.Exec says decision to own more aircraft also impacted by new goods and services tax.Exec says will revise fleet guidance downwards for end-fy2018, had earlier planned to have 170 aircraft.Exec says taken steps to cut fuel costs including importing fuel in some cases.Exec says to issue new shares, ofs to cut promoters' stake in the company.  Full Article

India's Indigo says delay in A320neo supply hurting profitability
Monday, 31 Jul 2017 08:33am EDT 

July 31 (Reuters) - India's Indigo :Exec says continue to have high number of engine removals, sufficient engine replacements not available.Exec says have had to ground as many as 9 a320neos because of engine issues.Exec says delay in a320neo deliveries impacting profitability.Exec says expect to start owning more aircraft, reduce sale and leaseback.Exec says decision to own more aircraft also impacted by new goods and services tax.Exec says will revise fleet guidance downwards for end-fy2018, had earlier planned to have 170 aircraft.Exec says taken steps to cut fuel costs including importing fuel in some cases.Exec says to issue new shares, ofs to cut promoters' stake in the company.  Full Article

UTC reports Q2 EPS $1.80
Tuesday, 25 Jul 2017 06:55am EDT 

July 25 (Reuters) - United Technologies Corp :UTC reports second quarter 2017 results.Q2 adjusted earnings per share $1.85.Q2 GAAP earnings per share $1.80.Q2 earnings per share view $1.78 -- Thomson Reuters I/B/E/S.Q2 sales $15.3 billion versus I/B/E/S view $15.24 billion.‍Raises outlook for 2017 sales and low end of adjusted EPS and organic sales growth.Says ‍now expect 2017 adjusted EPS of $6.45 to $6.60​.‍Now anticipates sales of $58.5 billion to $59.5 billion for 2017​.‍No change in company's previously provided 2017 expectations for free cash flow, share repurchases.In quarter, new equipment orders at Otis were flat versus prior year.FY2017 earnings per share view $6.59, revenue view $59.08 billion -- Thomson Reuters I/B/E/S.Qtrly commercial aftermarket sales were up 4 percent at Pratt & Whitney and were up 7 percent at UTC Aerospace Systems.‍In the quarter, new equipment orders increased 11 percent organically at UTC Climate, Controls & Security, at constant currency​.‍Sees organic sales growth 3 to 4 percent​ for 2017.  Full Article

ATI announces new long-term purchase agreement with Pratt & Whitney
Tuesday, 25 Jul 2017 06:55am EDT 

July 25 (Reuters) - Allegheny Technologies Inc :ATI announces new long-term purchase agreement with Pratt & Whitney.‍For period 2017 to 2030, LTPA is expected to generate revenues in excess of $1 billion​.For period 2017 to 2030, LTPA is expected to generate revenues in excess of $1 billion.‍LTPA, which builds on master terms agreement that co entered into with UTC last year, begins in 2017, continues for life of engine programs​.Signed purchase agreement with Pratt & Whitney to supply isothermal forgings and nickel-based powder alloys for next-generation jet engines​.  Full Article

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Northrop Grumman to buy missile maker Orbital for $7.8 billion

U.S. defense contractor Northrop Grumman Corp said on Monday it would buy Orbital ATK Inc for about $7.8 billion in a deal that gives it greater access to lucrative government contracts and expands its arsenal of missile defense systems and space rockets. | Video