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United Technologies Corp (UTX)

UTX on New York Consolidated

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18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

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

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

United Technologies in bid to acquire Rockwell Collins: source

United Technologies Corp , the U.S. maker of Otis Elevators and Carrier air conditioners, has submitted an offer to acquire aircraft component manufacturer Rockwell Collins Inc , a person familiar with the matter said on Friday.