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United States

United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

U.S. CPSC says Carrier expands recall of packaged terminal air conditioners, heat pumps due to fire hazard
Thursday, 23 Feb 2017 01:00pm EST 

U.S. Consumer Product Safety Commission: Carrier expands recall of packaged terminal air conditioners and heat pumps due to fire hazard . As part of recall, Carrier has received 14 additional reports of overheating; no injuries have been reported in the additional incidents . Expanded recall involves packaged terminal air conditioners, packaged terminal heat pumps sold under the bryant, carrier and fast brand names .Recall involves about 94,000 units (in addition, about 285,000 previously recalled in Dec 2015, 185,000 were previously recalled in Nov 2007).  Full Article

Pratt & Whitney says will invest about $386 mln in Georgia facility
Tuesday, 14 Feb 2017 02:15pm EST 

Pratt & Whitney : Pratt & Whitney says will invest approximately $386 million in its Columbus, Georgia, facility .Pratt & Whitney says investment to increase production of parts and maintenance services and to reduce costs for new and existing engine programs.  Full Article

UNITED TECHNOLOGIES SETS QUARTERLY DIVIDEND OF $0.66 PER SHARE
Monday, 6 Feb 2017 12:15pm EST 

United Technologies Corp :SETS QUARTERLY DIVIDEND OF $0.66 PER SHARE.  Full Article

UTC announces 2017 EPS and sales expectations
Wednesday, 14 Dec 2016 05:00pm EST 

United Technologies Corp : FY2017 revenue view $59.17 billion -- Thomson Reuters I/B/E/S . United Technologies Corp - Remain confident in 2020 outlook of mid to high single-digit organic sales growth . United Technologies - In 2017 expect rise in organic sales growth despite a slow growth macro-environment and investments in aerospace ramp-up . FY2016 revenue view $57.30 billion -- Thomson Reuters I/B/E/S . FY2016 earnings per share view $6.60 -- Thomson Reuters I/B/E/S . UTC announces 2017 EPS and sales expectations . Reaffirms FY 2016 adjusted earnings per share view $6.55 to $6.60 . Sees FY 2017 adjusted earnings per share $6.30 to $6.60 . Sees FY 2017 sales $57.5 billion to $59 billion .Sees FY 2016 sales $57 billion to $58 billion.  Full Article

UTC sees FY 2016 adjusted earnings per share $6.55 to $6.60
Tuesday, 25 Oct 2016 06:55am EDT 

United Technologies Corp : Utc reports third quarter 2016 results . Q3 adjusted earnings per share $1.76 . Q3 gaap earnings per share $1.74 . Q3 sales $14.4 billion versus i/b/e/s view $14.27 billion . Q3 earnings per share view $1.66 -- Thomson Reuters I/B/E/S . Sees fy 2016 adjusted earnings per share $6.55 to $6.60 . United technologies corp - increases 2016 full year adjusted eps and organic sales outlook. . Increases 2016 full year adjusted eps and organic sales outlook . Qtrly commercial aftermarket sales were up 11 percent at pratt & whitney, and up 2 percent at utc aerospace systems . United technologies corp - there is no change in company's previously provided 2016 expectations for free cash flow, share repurchases . United technologies corp - on track to return $22 billion in cash to shareholders from 2015 through 2017 . United technologies - otis new equipment orders in quarter increased 2 percent over prior year at constant currency and grew 8 percent excluding china . United technologies-sees 2016 total sales unchanged($57 to $58 billion, y-o-y growth of 2 to 3 percent) including organic sales growth of 2 to 3 percent . United technologies corp - qtrly equipment orders at utc climate, controls & security were flat on an organic basis .Fy2016 earnings per share view $6.58 -- Thomson Reuters I/B/E/S.  Full Article

United technologies sets quarterly dividend of $0.66 per share
Wednesday, 12 Oct 2016 02:00pm EDT 

United Technologies Corp:Sets quarterly dividend of $0.66 per share.  Full Article

United Techn to reduce pension liabilities by $1.77 bln
Thursday, 6 Oct 2016 05:01pm EDT 

United Technologies Corp : Announced two related actions that are expected to reduce overall size of its pension obligations by approximately $1.77 billion. . United technologies retirees,beneficiaries included in this group will not see any reduction in monthly payments . United technologies expects approximately 10,000 participants to take lump sum offer . Transactions to not diminish plans' funded status,not expected to materially impact future pension expense or require additional contributions . Pension benefit program gives some former workers option to take one-time lump sum instead of future monthly pension payments . United technologies to reduce pension liabilities . Will transfer approximately $775 million of its outstanding pension benefit obligations to prudential insurance company of america . Also implemented program offering certain former u.s. Employees or beneficiaries with a vested pension benefit . Vested pension benefit action expected to reduce co's pension benefit obligations by approximately $995 million by year-end 2016 .Expects to recognize a one-time pretax pension settlement charge in range of $400 million to $530 million in q4 of 2016.  Full Article

Pratt & Whitney and Hanwha Techwin expand relationship with Singapore facility
Tuesday, 27 Sep 2016 07:00am EDT 

United Technologies Corp : Hanwha also acquired a call option from Pratt & Whitney to purchase additional equity as early as 2023 . Pratt & Whitney and Hanwha Techwin expand relationship with singapore facility and increase risk revenue collaboration on PurePower® engine programs . Signed an agreement for Hanwha to acquire a 30 percent equity interest in P&W NGPF Manufacturing Company Singapore Pte. Ltd .Pratt & Whitney retains control of sourcing of critical parts while sharing capital investment requirements with Hanwha.  Full Article

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

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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