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United States

United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

118.99USD
28 Apr 2017
Change (% chg)

$0.21 (+0.18%)
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Latest Key Developments (Source: Significant Developments)

Bombardier provides C series program updates
Tuesday, 6 Sep 2016 07:00am EDT 

Bombardier Inc: Bombardier provides c series program updates . 2016 c series delivery schedule adjusted to reflect pratt & whitney engine delays . Consolidated revenue and ebit guidance reaffirmed . As a result, consolidated fcf usage guidance range adjusted to $1.15b to $1.45b from $1.0b to $1.3b . Expects to end year with a strong liquidity position . Remains on track to achieve both its 2018 cash flow neutral goal and its 2020 turn-around plan objectives. . Adjusted fy c series delivery forecast from 15 to 7 aircraft as a result of engine delivery delays by its supplier pratt & whitney . Has more than 300 firm orders and up to 800 orders including options and commitments for c series program . C series delivery adjustment will result in lower revenues at bombardier commercial aircraft for year without affecting ebit materially . As a result of delay, company now expects to be close to lower end of $16.5 to $17.5 billion revenue guidance range for 2016 .As a result of delay, company now expects free cash flow usage is expected to be in range of $1.15 to $1.45 billion for 2016.  Full Article

United Technologies affirms its previously disclosed forecast
Monday, 29 Aug 2016 07:15am EDT 

United Technologies Corp : Affirms its previously disclosed 2016 expectations of adjusted EPS of $6.45 to $6.60 . 2016 expectations for free cash flow, share repurchases, and the placeholder for acquisitions remain unchanged - SEC filing . Affirms 2016 Sales Target Of $57 Billion To $58 Billion (Y-O-Y growth of 2%-3%, including organic sales growth of 1%-3%) .FY2016 earnings per share view $6.57, revenue view $57.32 billion -- Thomson Reuters I/B/E/S.  Full Article

United Technologies CEO Greg Hayes says starting to see traction on aerospace side of business - CNBC
Tuesday, 26 Jul 2016 10:02am EDT 

: United Technologies CEO Greg Hayes says starting to see traction on aerospace side of business - CNBC (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

UTC Q2 adjusted earnings $1.82/ share
Tuesday, 26 Jul 2016 06:55am EDT 

United Technologies Corp : UTC reports second quarter 2016 results . Q2 adjusted earnings per share $1.82 . Q2 GAAP earnings per share $1.71 . Q2 earnings per share view $1.68 -- Thomson Reuters I/B/E/S . Q2 sales $14.9 billion versus I/B/E/S view $14.67 billion . Equipment orders at UTC climate, controls & security decreased by 4 percent in the quarter . Commercial aftermarket sales were up 20 percent at Pratt & Whitney, and up 5 percent at UTC Aerospace Systems in quarter . Otis new equipment orders in quarter decreased 4 percent over prior year at constant currency . Increases 2016 full year sales and adjusted EPS outlook . Raising low end of 2016 adjusted EPS outlook by 15 cents to $6.45 to $6.60 per share . Sees increased sales of $57 to $58 billion in 2016 . No change in previously provided 2016 expectations for free cash flow, share repurchases, and placeholder for acquisitions . Sees 2016 organic sales growth of 1 percent to 3 percent . Full-year 2016 earnings per share view $6.55, revenue view $57.04 billion -- Thomson Reuters I/B/E/S .UTC says "Remain on track to meet our growth targets for 2020".  Full Article

United Technologies - Pratt & Whitney signs deal for up to 64 engines
Thursday, 14 Jul 2016 09:40am EDT 

United Technologies Corp : United Technologies Corp - Pratt & Whitney signs deal for up to 64 engines; Split order between Purepower® Geared Turbofan™ and V2500® engines .United Technologies Corp - Signed a deal for PW1100G-JM and V2500 engines to power up to 32 A320 family aircraft with an undisclosed leasing company.  Full Article

Air canada signs Pratt & Whitney PurePower engine services agreement
Wednesday, 13 Jul 2016 09:00am EDT 

Pratt & Whitney : Air canada signs pratt & whitney purepower® engine services agreement .Air canada signs services agreement with pratt & whitney for 15 years.  Full Article

Wizz Air strikes $2.5 billion engine deal
Wednesday, 13 Jul 2016 08:06am EDT 

Wizz Air Holdings Plc : Wizz Air strikes $2.5 billion engine deal . Agreed with Pratt & Whitney to equip its 110 airbus A321neo aircraft with Pratt & Whitney's purepower geared turbofan engines. . Geared turbofan engine selected for 110 Airbus A321neo aircraft and 90 purchase rights . Deliveries of A321neo will start in 2019 .Has also entered into a long-term engine fleet management programme with Pratt & Whitney.  Full Article

Aercap adds 10 additional Pratt & Whitney powered A320neo aircraft to fleet
Tuesday, 12 Jul 2016 08:11am EDT 

Pratt & Whitney : Aercap adds 10 additional pratt & whitney powered A320NEO aircraft to fleet .Says order, originally announced as options, brings Aercap's PW1100G-JM engine powered fleet to 100 aircraft.  Full Article

United Technologies CEO Hayes says "don't need M&A to grow our business" - CNBC
Monday, 11 Jul 2016 07:30am EDT 

: United Technologies Corp CEO Greg Hayes "we don't need M&A to grow our business" - CNBC . United Technologies Corp CEO Greg Hayes "large M&A is difficult in aerospace" - CNBC Further company coverage: [UTX.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

UTC Aerospace Systems to deliver equipment to U.S. Air force
Monday, 11 Jul 2016 07:00am EDT 

United Technologies Corp :UTC Aerospace Systems to deliver new wheels and brakes to U.S. Air force for 475 F-15 aircraft.  Full Article

More From Around the Web

United Tech engine deliveries not changed by JetBlue deferral: CFO

United Technologies Corp still plans to deliver 350 to 400 Pratt & Whitney Geared Turbofan engines to plane makers this year, and does not expect the total to be reduced by JetBlue's decision to defer some Airbus aircraft with those engines, United Tech's chief financial officer told Reuters on Wednesday.