United States

United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

2 Dec 2016
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$0.74 (+0.69%)
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Latest Key Developments (Source: Significant Developments)

United Technologies Corp - Anger, resignation as massive pay gap prompts Carrier's Mexico move - Reuters
Tuesday, 16 Feb 2016 05:05pm EST 

United Technologies Corp:Union leaders at an air conditioner factory in Indianapolis threatened with losing 1,400 jobs to Mexico said on Tuesday the plant's owner expects to pay Mexican workers $3 an hour compared to an average of more than $20 an hour for the U.S. workers - RTRS."We haven't given up the fight yet," said Chuck Jones, president of the United Steelworkers union local that represents workers at the Carrier Corp plant."But Carrier has pretty well indicated that the wage differential is too great and there's not much we can do.".A spokeswoman for Carrier, a unit of United Technologies Corp UTX.N, said the company pays a "competitive wage" based on local conditions and could not discuss pay levels.Union and Carrier officials were locked in talks on Tuesday as a political storm raged around them.  Full Article

United Technologies Corp's Pratt & Whitney,China Eastern Airlines agree to incorporate V2500 engine overhaul capability in Shanghai facility
Tuesday, 16 Feb 2016 07:22am EST 

United Technologies Corp's Pratt & Whitney:Co, China Eastern Airlines Corporation Ltd signed agreement to incorporate V2500 engine overhaul capability in facility in Shanghai.Pratt & Whitney Shanghai engine center will begin overhauling V2500 engines in 2017.  Full Article

United Technologies Corp - Trump would tax Carrier air conditioning units for moving to Mexico - Reuters
Sunday, 14 Feb 2016 12:46am EST 

United Technologies Corp:Republican presidential candidate Donald Trump said he would impose taxes on Carrier air conditioning units manufactured in Mexico in light of the company's decision to move production from Indiana, a position in line with his strong opposition to international trade deals - RTRS.Video of the company's announcement last week to employees went viral on the Internet, showing emotional reactions to the loss of jobs while a representative of the company explained the move was "strictly a business decision.".Carrier, a manufacturer of air conditioning units, is owned by United Technologies Corp UTX.N and announced it would be moving 1,400 jobs to Monterrey, Mexico.  Full Article

United Technologies Corp prices offering of euro-denominated senior notes
Friday, 12 Feb 2016 05:20pm EST 

United Technologies Corp:Priced an offering of EUR950 million aggregate principal amount of 1.125% senior notes maturing Dec. 15, 2021, EUR500 million aggregate principal amount of 1.875% senior notes maturing Feb. 22, 2026, and EUR750 million aggregate principal amount of senior floating rate notes maturing Feb. 22.Offering is expected to close on Feb. 22.Net proceeds from the offering are expected to be used for general corporate purposes.  Full Article

United Technologies Corp files for potential notes offering
Friday, 12 Feb 2016 06:25am EST 

United Technologies Corp:Files for potential notes offering; size not disclosed - SEC filing.  Full Article

United Technologies Corporation board of directors announces quarterly dividend
Monday, 8 Feb 2016 01:30pm EST 

United Technologies Corporation:Board of Directors declared a dividend of 64 cents per common share payable March 10 to shareowners of record date as on Feb. 19.  Full Article

United Technologies Corp affirms FY 2016 guidance
Wednesday, 27 Jan 2016 06:59am EST 

United Technologies Corp:Affirms FY 2016 expectations for adjusted EPS of $6.30 to $6.60 on sales of $56 billion to $58 billion.  Full Article

United Technologies Corp's Pratt & Whitney and KMWE Sign Long Term Agreement for F135 Engine Components
Thursday, 7 Jan 2016 02:38pm EST 

Pratt & Whitney, a division of United Technologies Corp:has awarded a contract to KMWE / DutchAero to manufacture F135 engine components.The F135 engine is the propulsion system for the fifth generation F-35 Lightning II aircraft.  Full Article

United Technologies Corp reaffirms FY 2015 guidance
Tuesday, 20 Oct 2015 06:50am EDT 

United Technologies Corp:Expects FY 2015 sales expectations in the range of $57-$58 billion.Expects FY 2015 EPS in the range of $6.15 to $6.30.FY 2015 EPS of $6.21 and revenue of $57.6 billion - Thomson Reuters I/B/E/S.  Full Article

United Technologies Corp's Lenel, AlertEnterprise announce strategic alliance
Tuesday, 29 Sep 2015 04:14pm EDT 

Lenel and AlertEnterprise:Saysan alliance to resell AlertEnterprise's Physical Identity and Access Management (PIAM) software to support an advanced PIAM and compliance solution.Lenel is part of UTC Climate, Controls & Security, a unit of United Technologies Corp.  Full Article


Indiana agrees $7 million tax break to keep Carrier jobs in state: company

WASHINGTON Indiana state officials have agreed to give United Technologies Corp $7 million worth of tax breaks to encourage the company to keep at least 1,069 jobs at its Carrier unit in Indianapolis, Carrier and the state said on Thursday. | Video