United Technologies Corp (UTX) Key Developments | Reuters.com
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United Technologies Corp (UTX)

UTX on New York Consolidated

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28 Jun 2016
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Latest Key Developments (Source: Significant Developments)

United Technologies says Brexit vote will not impact businesses near term
Friday, 24 Jun 2016 03:43pm EDT 

United Technologies Corp : Also reaffirmed 2016 outlook for adjusted EPS of $6.30 to $6.60 on sales of $56 billion to $58 billion .U.K.'s withdrawal from the EU will take time; do not believe it will impact businesses in the near term.  Full Article

United Technologies sets quarterly dividend of $0.66 per share
Wednesday, 8 Jun 2016 02:45pm EDT 

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

United Tech says will look for deal in elevator manufacturing space - Conf
Tuesday, 17 May 2016 01:00pm EDT 

United Technologies Corp : United Technologies Corp says cautiously optimistic on China - Electrical Products Group Conf . United Technologies Corp says there remains opportunity for consolidation in the elevator manufacturing space - Electrical Products Group Conf . United Technologies Corp says will "always" look to make acquisitions in the elevator manufacturing space - Electrical Products Group Conf Further company coverage: [UTX.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

United Tech affirms previously announced 2016 financial forecast
Tuesday, 17 May 2016 06:56am EDT 

United Technologies Corp : Sees 2016 adjusted earnings per share (eps) of $6.30 to $6.60 on sales of $56 billion to $58 billion . Sees 2016 free cash flow in range of 90 to 100 percent of net income attributable to common shareowners . Says reaffirms organic sales growth of 1% to 3% in 2016 . Sees between $1 billion to $2 billion placeholder for acquisitions in 2016 . United technologies sees share repurchases of $3 billion in 2016, beyond repurchases that will be completed in 2016 under previously announced program .Fy2016 earnings per share view $6.56, revenue view $57.06 billion -- Thomson Reuters I/B/E/S.  Full Article

United Technologies Corp - U.S. regulators vow to preserve competition among defense contractors - Reuters News
Wednesday, 13 Apr 2016 04:14am EDT 

United Technologies Corp:The two U.S. agencies that enforce antitrust law said on Tuesday they were committed to preserving competition among weapons makers and noted that some sectors already had too few competitors.The Justice Department and Federal Trade Commission, which are facing a wave of mergers, said in a joint statement it was important to retain a sufficient number of competitors to supply the military in order to restrain price increases and ensure companies continue to innovate."In light of recent speculation about possible future consolidation, we thought it timely to reinforce that message," said Bill Baer, head of the department's Antitrust Division who is slated to become the department's associate attorney general.Analysts said the statement was a response to Pentagon concerns about consolidation among its contractors.One big merger that would affect the Defense Department, United Technologies' UTX.N proposed tie-up with rival aerospace supplier Honeywell International Inc HON.N, was scrapped in February because of antitrust concerns.In the joint statement, the agencies said they would block a merger that appeared anticompetitive. "Many sectors of the defense industry are already highly concentrated.Defense Department spokesman Mark Wright said the Pentagon welcomed the joint statement, and said it would no longer push a legislative proposal that would have allowed regulators to stop mergers for national security reasons.  Full Article

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

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Honeywell won't rule out aerospace M&A targets

MONTREAL Honeywell International Inc would not rule out bidding for another major aerospace supplier, among other possible acquisition targets, after merger talks collapsed in March with rival United Technologies Corp , the company's chief executive said on Monday.