Key Developments: United Technologies Corp (UTX)

UTX on New York Consolidated

27 Nov 2015
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Latest Key Developments (Source: Significant Developments)

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

United Technologies announces organization and leadership changes
Thursday, 10 Sep 2015 08:00am EDT 

United Technologies Corp:Says otis elevator and utc climate, controls & security to operate as separate business units.says Philippe Delpech named Otis president.says UTC building & industrial systems organization will transition over the rest of the year.Robert J. McDonough will become president of UTC climate, controls & security.  Full Article

United Technologies Corp lowers FY 2015 guidance
Tuesday, 21 Jul 2015 07:00am EDT 

United Technologies Corp:Expects FY 2015 EPS in the range of $6.45-$6.60 from operations including Sikorsky, but excluding an expected gain related to its sale.Expects FY 2015 from continuing operations are now in the range of $6.15 to $6.30.Says this is down from the previous expectations of $6.55 to $6.85 and $6.35 to $6.55.Expects FY 2015 sales expectations from continuing operations revised to $57-$58 billion from the prior expectation of $58-$59 billion.FY 2015 EPS of $6.84 and revenue of $64.673 billion - Thomson Reuters I/B/E/S.  Full Article

United Technologies Corp announces agreement to sell Sikorsky Aircraft
Monday, 20 Jul 2015 07:32am EDT 

United Technologies Corp:Announces agreement to sell Sikorsky Aircraft.Says net proceeds expected to fund additional share repurchase.UTC's board of directors has authorized a share repurchase program for up to 75 million shares of the company's common stock.Says transaction projected to close by year-end or in Q1 2016.Proceeds from sale expected to be used to fund additional share repurchase to offset earnings impact related to sale.New share repurchase authorization replaces a previous program approved in February 2013.  Full Article

Air India Selects United Technologies Corp's Pratt & Whitney AeroPower for 787 Auxiliary Power Unit Repair Support
Wednesday, 17 Jun 2015 09:10am EDT 

United Technologies Corp:Says that Pratt & Whitney AeroPower has signed a long-term repair support agreement for the APS5000 auxiliary power unit (APU) with Air India Ltd., for its fleet of seven future and 20 existing Boeing 787-8 series aircraft.The support agreement covers repairs of the APU and its Line Replaceable Units (LRU).  Full Article

Titeflex Aerospace and United Technologies announces long term supply agreement
Wednesday, 17 Jun 2015 02:00am EDT 

United Technologies Corp:Says Titeflex Aerospace and United Technologies Corp. announced that they have finalized a 10-year supply agreement to support production at UTC's aerospace businesses.  Full Article

Turkish Airlines selects United Technologies Corp's Pratt & Whitney PurePower Engines
Monday, 15 Jun 2015 05:04am EDT 

United Technologies Corp:Turkish Airlines has signed a Memorandum of Understanding for Pratt & Whitney's PurePower PW1100G-JM engines to power its order of 72 firm and 20 option A321neo aircraft.Deliveries are scheduled to begin in 2017.Pratt & Whitney is a United Technologies Corp company.  Full Article

United Technologies Corp's UTC Aerospace Systems to supply 12 systems for Boeing 777X
Sunday, 14 Jun 2015 12:05am EDT 

United Technologies Corp:Says Boeing has selected UTC Aerospace Systems for multiple systems for new Boeing 777X large, twin-engine jet.UTC Aerospace Systems is unit of United Technologies Corp.Says UTC Aerospace Systems' 777X electric power generating system is a completely new main electrical generation system, providing 25 percent more power than current 777 system, which is also supplied by UTC Aerospace Systems.Says 777X system comprises two 150 kVA integrated drive generators, an auxiliary generator, three generator control units and a bus power control unit.Says UTC Aerospace Systems will also supply the cabin air conditioning and temperature control system, airfoil and cowl ice protection system, and complete ventilation system suite of fans.  Full Article

United Technologies Corp announces quarterly dividend
Wednesday, 10 Jun 2015 02:00pm EDT 

United Technologies Corp:Declared, effective July 6, a dividend of 64 cents per common share.Payable on Sept. 10 to shareowners of record date as on Aug. 14.Ex-dividend date is Aug. 12.  Full Article


Lockheed in initial talks with Saudi Arabia about more helicopters

DUBAI Lockheed Martin Corp on Tuesday said it was in initial talks with Saudi Arabia about the sale of 20 more Sikorsky MH-60R helicopters in addition to a $1.9 billion deal for 10 helicopters that should be finalized by year's end.

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