Key Developments: United Technologies Corp (UTX)

UTX on New York Consolidated

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22 May 2015
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Latest Key Developments (Source: Significant Developments)

United Technologies Corp increases dividend
Monday, 2 Feb 2015 05:05pm EST 

United Technologies Corp:Declares an 8.5 pct increase in its first quarter dividend to 64 cents per common share.Payable March 10 to shareowners of record at the close of business Feb. 13.Ex-dividend date will be Feb. 11.  Full Article

United Technologies Corp lowers FY 2015 guidance
Monday, 26 Jan 2015 04:05pm EST 

United Technologies Corp:Says that with continuing strengthening of the US dollar, as well as additional pension discount rate headwind, the company expect FY 2015 EPS of $6.85 to $7.05, on sales of $65 billion to $66 billion.FY 2015 EPS of $7.19 and revenue of $67 billion - Thomson Reuters I/B/E/S.  Full Article

United Technologies Corp's Pratt & Whitney concludes PurePower Geared Turbofan Engine
Monday, 19 Jan 2015 03:30pm EST 

Pratt & Whitney and Kawasaki Heavy Industries Ltd:Met recently to commemorate the signing of a risk and revenue-sharing collaboration agreement for KHI to provide key hardware modules for Pratt & Whitney's PurePower Geared Turbofan (GTF) engines.Pursuant to collaboration agreements, partners will provide hardware modules and assembly and test services with an expected value in excess of $49 bln over the life of the programs.Pratt & Whitney is a division of United Technologies Corp.  Full Article

United Technologies Corp announces changes to Aerospace leadership and organizational structure
Thursday, 15 Jan 2015 06:30pm EST 

United Technologies Corp:Says that it will streamline its aerospace organization and leadership structure to provide greater focus on serving customers.Alain Bellemare, President & Chief Executive Officer of UTC Propulsion & Aerospace Systems (PAS), has elected to leave the company at the end of the month.Says He will continue to serve as a consultant to UTC.As a result of Bellemare's decision and the successful integration of Goodrich Corporation, UTC is streamlining its aerospace operations by eliminating the PAS organization.Pratt & Whitney and UTC Aerospace Systems (UTAS), both formerly under the PAS structure, will continue as stand-alone business units.  Full Article

United Technologies Corp reaffirms FY 2014 revenue guidance; gives FY 2015 guidance; EPS guidance below analysts' estimates
Thursday, 11 Dec 2014 05:00pm EST 

United Technologies Corp:Continues to expect sales for FY 2014 of about $65 billion.Anticipates FY 2015 earnings per share of $7.00 to $7.20.Anticipates FY 2015 sales to be $66 billion to $67 billion, including 3 to 5 percent organic growth.FY 2014 revenue of $65 billion - Thomson Reuters I/B/E/S.FY 2015 revenue of $67 billion and EPS of $7.27 - Thomson Reuters I/B/E/S.  Full Article

United Technologies Corp appoints Chief Financial Officer
Tuesday, 9 Dec 2014 07:00am EST 

United Technologies Corp:Says appointment of Akhil Johri as corporation's Senior Vice President and Chief Financial Officer, effective Jan. 1, 2015.  Full Article

Indian Navy selects United Technologies Corp's Sikorsky's S-70B SEAHAWK Aircraft for multi-role helicopter requirement
Friday, 5 Dec 2014 10:31am EST 

United Technologies Corp:India's Navy has selected Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp., to fulfill the service's Multi-Role Helicopter requirement for anti-submarine and anti-surface warfare (ASW/ASuW), among other maritime roles.Negotiations will now begin to procure 16 S-70B SEAHAWK helicopters, with an option for eight additional aircraft, along with a complete logistics support and training program.  Full Article

Derco Aerospace, Inc. renews distribution agreement with United Technologies Corp's UTC Aerospace Systems to support 54H60 Propeller Program
Tuesday, 25 Nov 2014 01:44pm EST 

United Technologies Corp:Says UTC Aerospace Systems has renewed its distribution agreement with Derco Aerospace, Inc., a Sikorsky company.To support the VPV 54H60 Propeller Program that was recently awarded to UTC Aerospace Systems by the U.S. Defense Logistics Agency (DLA).Says Sikorsky Aircraft Corp. and UTC Aerospace Systems are units of United Technologies Corp.  Full Article

United Technologies names Gregory J. Hayes as President and Chief Executive Officer
Monday, 24 Nov 2014 07:00am EST 

United Technologies Corp:Says Louis R. Chenevert has informed the Board of Directors of his retirement as Chairman and Chief Executive Officer, effective immediately.Says Gregory J. Hayes, UTC Senior Vice President and Chief Financial Officer, has been elected President, Chief Executive Officer and a director.Says Edward A. Kangas, lead independent director, has been elected non-executive Chairman of the board.  Full Article

United Technologies Corp reaffirms FY 2014 guidance
Monday, 24 Nov 2014 07:00am EST 

United Technologies Corp:Reaffirmed FY 2014 guidance.Expects FY 2014 EPS in the range of $6.75-$6.85.Expects FY 2014 sales of about $65 billion.FY 2014 EPS of $6.87 on revenue of $65.26 bln-Thomson Reuters I/B/E/S.  Full Article

UTC in talks with potential buyers for its Sikorsky business: sources

- United Technologies Corp is in talks with potential buyers for its Sikorsky Aircraft business, according to four people familiar with the situation.

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