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United Technologies Board Of Directors Announces Quarterly Dividend
Otis Appoints Rahul Ghai Chief Financial Officer
Carrier Appoints Veteran Finance Chief Timothy Mclevish As New CFO
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company. UTC Climate, Controls & Security segment is engaged in providing heating, ventilating, air conditioning (HVAC) and refrigeration solutions. The Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. Pratt & Whitney segment provides fleet management services and aftermarket maintenance, repair and overhaul services. The UTC Aerospace Systems segment provides aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military, space and undersea operations.
Aerospace & Defense
10 Farm Springs Rd
Gregory J. Hayes
Chairman of the Board, President, Chief Executive Officer
Executive Vice President and Chief Financial Officer
David L. Gitlin
President and Chief Executive Officer of Carrier
Robert F. Leduc
President - Pratt & Whitney
Judith F. Marks
President and Chief Executive Officer of Otis
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Pratt & Whitney <UTX.N> recommended checks on engines on Airbus <AIR.PA> A220 aircraft and some Embraer <EMBR3.SA> jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet.
Pratt & Whitney, a unit of United Technologies Corp <UTX.N>, has been awarded a $2.2 billion U.S. defense contract for production of F135 propulsion systems, the Pentagon said on Monday.
United Technologies <UX.N> and Raytheon Co <RTN.N> have received requests for additional information from the antitrust division of the U.S. Department of Justice related to their $120 billion merger, according to a regulatory filing on Thursday.
Hedge fund Third Point LLC said on Tuesday that it recently cut its investment in United Technologies Corp <UTX.N>, becoming the second activist hedge fund to sell shares after the company announced a merger with Raytheon Co. <RTN.N> that the funds said they would not support...
William Ackman's Pershing Square Capital Management has sold its positions in Automatic Data Processing Inc <ADP.O> and United Technologies Corp <UTX.N> and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday.
William Ackman's Pershing Square Capital Management has sold its positions in Automatic Data Processing and United Technologies and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday.
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly earnings reports from Coca-Cola Co and United Technologies Corp.
United Technologies <UTX.N> on Tuesday raised its full-year sales and profit forecasts, aided by an increase in demand for its aircraft maintenance parts and services as airlines grapple with overworked planes due to the grounding of Boeing's MAX jets.
U.S. stocks opened higher on Tuesday, lifted by upbeat earnings from blue-chip companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.
United Technologies Corp <UTX.N> expects its acquisition of aero parts maker Rockwell Collins to add an extra $150 million to full-year sales in 2019 and 15 cents per share to its profit, Chief Financial Officer Akhil Johri has told Reuters.
United Technologies Corp expects its acquisition of aero parts maker Rockwell Collins to add an extra $150 million to full-year sales in 2019 and 15 cents per share to its profit, Chief Financial Officer Akhil Johri has told Reuters.
United Technologies Corp reported a 17.5% rise in quarterly revenue on Tuesday and raised its full-year profit and sales outlook, as the U.S. industrial conglomerate benefited from its acquisition of aero parts maker Rockwell Collins.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
Mega deals set the pace for mergers and acquisitions (M&A) globally in the second quarter of 2019, as large U.S. companies defied trade row jitters and seized on strong equity and debt capital markets to agree on transformative combinations.
Billionaire investor Daniel Loeb said on Friday that his hedge fund Third Point LLC will vote against the planned merger of United Technologies Corp <UTX.N> and Raytheon Co <RTN.N>, saying there is no "strategic rationale for this transaction."
Billionaire investor Daniel Loeb said his hedge fund Third Point LLC will vote against the planned merger of United Technologies Corp and Raytheon Co, saying there is no "strategic rationale for this transaction."
Aerospace executives see potential benefits from the surprise merger of Raytheon Co and United Technologies, including the prospect for better margins for suppliers and perhaps the chance to bid for any units put up for divestment.
Israel-based Elbit Systems on Wednesday said it would keep an eye out for possible acquisitions if the proposed merger of U.S. aerospace companies Raytheon Co and United Technologies Corp triggers certain divestments.
India's biggest airline IndiGo said on Monday it had placed a $20 billion jet engine order from CFM International, a move that marks a shift away from Pratt & Whitney <UTX.N> toward its French-American rival.
Lockheed Martin F-35 program manager Greg Ulmer said on Monday he had "no concern" that the proposed merger of Raytheon Co and United Technologies Corp would affect the F-35 program or pressure its margins.
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