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United States

United Technologies Corp (UTX)

UTX on New York Consolidated

120.39USD
25 Jul 2017
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$-2.74 (-2.23%)
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Latest Key Developments (Source: Significant Developments)

UTC reports Q2 EPS $1.80
6:55am 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
6:55am 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

UTC Aerospace Systems gets Boeing installation approval for F-15 wheels, brakes
Tuesday, 20 Jun 2017 07:00am EDT 

June 20 (Reuters) - UTC Aerospace Systems::UTC Aerospace Systems says receives Boeing installation approval for F-15 wheels and brakes, as U.S. Air Force fleet retrofit continues.UTC Aerospace Systems -scheduled to complete delivery of new boltless wheels and carbon brakes in September to USAF.UTC Aerospace Systems - delivery will be in support of a $22 million USAF contract awarded to UTC Aerospace Systems in November 2014.UTC Aerospace Systems -delivery will also be in support of a $30 million follow-on option awarded in August 2016.  Full Article

UTC Aerospace says propeller upgrades for U.S. Air National Guard aircraft began this month
Tuesday, 20 Jun 2017 06:00am EDT 

June 20 (Reuters) - United Technologies Corp ::UTC Aerospace Systems- propeller upgrades for U.S. Air National Guard LC-130 aircraft commenced this month with fitting of NP2000 propeller system.UTC Aerospace Systems - retrofit contract includes twelve of U.S Air National Guard's fleet of LC/C-130H aircraft.  Full Article

Pratt & Whitney Canada signs maintenance contracts
Tuesday, 20 Jun 2017 04:00am EDT 

June 20 (Reuters) - Pratt & Whitney Canada: :Pratt & Whitney Canada signs maintenance contracts covering more than 300 auxiliary power units.  Full Article

Pratt & whitney canada signs definitive agreement to supply its pw150 engine family powerplant
Monday, 19 Jun 2017 12:12pm EDT 

June 19 (Reuters) - Pratt & whitney canada :Pratt & whitney canada - signed definitive agreement to supply its pw150 engine family powerplant; pw150c, to power avic aircraft ma700 aircraft.  Full Article

Pratt & Whitney Canada, Ilyushin sign MOU
Monday, 19 Jun 2017 07:50am EDT 

June 19 (Reuters) - United Technologies Corp :Pratt & whitney canada and ilyushin sign a memorandum to complete a feasibility study in support of il-114-100 regional aircraft program restart.Pratt & whitney canada - signed mou with ilyushin joint stock company of russia to explore restart of il-114-100 regional turboprop program with pw127h engines.Pratt & whitney canada - under mou, co will support initial program restart by providing 2 pw127h engines for il-114-100 regional turboprop aircraft.  Full Article

UTC board of directors increases dividend
Wednesday, 14 Jun 2017 05:24pm EDT 

June 14 (Reuters) - United Technologies Corp : :UTC board of directors increases dividend.Sets quarterly dividend of $0.70per share.United Technologies Corp - quarterly dividend of $0.70per share represents a 6.1 percent increase over prior quarter's dividend amount.  Full Article

‍UTC Aerospace says Alaska Airlines completed installation of co's advanced aircraft data management solution on 3 737NG aircraft​
Monday, 12 Jun 2017 08:00am EDT 

June 12 (Reuters) - ‍UTC Aerospace Systems::‍UTC Aerospace Systems - Alaska Airlines completed installation of co's advanced aircraft data management solution on three of its 737NG aircraft​.  Full Article

United Technologies prices offering of $1,000 mln aggregate principal amount of 1.900 pct notes due 2020
Monday, 1 May 2017 05:46pm EDT 

May 1 (Reuters) - United Technologies Corp ::United Technologies prices offering of senior notes.United Technologies Corp says has priced an offering of $1,000 million aggregate principal amount of 1.900% notes due 2020.United Technologies Corp says has also priced $600 million aggregate principal amount of 4.050% notes due 2047.United Technologies Corp -priced $800 million aggregate principal amount of 2.800% notes due 2024, $1.1 billion aggregate principal amount of 3.125% notes due 2027.United Technologies Corp - priced an offering o $500 million aggregate principal amount of 2.300% notes due 2022.  Full Article

United Tech sales up 2.7 percent amid engine issues, weak markets

United Technologies Corp , maker of Otis Elevators, Pratt & Whitney engines and Carrier air conditioners, on Tuesday reported a 2.7 percent rise in quarterly revenue, helped by higher sales in three of its four business units.