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United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

127.76USD
15 Feb 2019
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$3.63 (+2.92%)
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Latest Key Developments (Source: Significant Developments)

ATEC Statement On ITEP Decision
Friday, 1 Feb 2019 

Feb 1 (Reuters) - ADVANCED TURBINE ENGINE COMPANY::ATEC STATEMENT ON ITEP DECISION.NOTIFIED BY U.S. ARMY THAT IT WASN'T SELECTED FOR EMD PHASE OF IMPROVED TURBINE ENGINE PROGRAM.  Full Article

UTC Seeing 'Solid Trends' In Aerospace With Continued Growth In Airline Traffic - Conf Call
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - United Technologies Corp ::UNITED TECHNOLOGIES SEES 2019 OTIS ADJUSTED OPERATING PROFIT GROWTH OF $25 MILLION TO $75 MILLION, EXCLUDING FOREIGN EXCHANGE TRANSLATION.UNITED TECHNOLOGIES SEES 2019 CARRIER ADJUSTED OPERATING PROFIT GROWTH OF $125 MILLION TO $175 MILLION, EXCLUDING FOREIGN EXCHANGE TRANSLATION.UNITED TECHNOLOGIES SEES 2019 PRATT & WHITNEY ADJUSTED OPERATING PROFIT GROWTH OF $200 MILLION TO $250 MILLION, EXCLUDING FOREIGN EXCHANGE TRANSLATION.UNITED TECHNOLOGIES SEES 2019 COLLINS AEROSPACE ADJUSTED OPERATING PROFIT GROWTH OF $1.55 BILLION TO $1.60 BILLION, EXCLUDING FOREIGN EXCHANGE TRANSLATION.UNITED TECHNOLOGIES SEES WORLD GDP GROWTH TO SLOW IN 2019 TO ABOUT 2.9 PERCENT FROM AN ESTIMATED 3.2 PERCENT IN 2018.UTC CEO SAYS SEEING “SOLID TRENDS” IN AEROSPACE WITH CONTINUED GROWTH IN AIRLINE TRAFFIC AND PRODUCTION INCREASES AT BOTH BOEING AND AIRBUS - CONF CALL.UTC SEES 2019 NEGATIVE ENGINE MARGIN IN THE P&W UNIT TO BE FLAT COMPARED WITH 2018 - CONF CALL.UTC SAYS LEGACY ROCKWELL COLLINS BUSINESS IS EXPECTED TO GENERATE $1.4 BILLION OF FREE CASH FLOW IN 2019, BRINGING CO TO A FREE CASH FLOW OF $6 BILLION TO $6.5 BILLION, BEFORE ONETIME CASH PAYMENTS.UTC EXPECTS SEPARATION OF BUSINESSES TO COMPLETE BY Q2 OF 2020.UTC SAYS NOT SEEN AN IMPACT FROM THE PARTIAL GOVERNMENT. SHUTDOWN.UTC SAYS DURABILITY OF GTF ENGINES CONTINUES TO IMPROVE.  Full Article

United Technologies Reports 2018 Results
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - United Technologies Corp ::UNITED TECHNOLOGIES REPORTS 2018 RESULTS, ANNOUNCES 2019 OUTLOOK.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $7.70 TO $8.00 INCLUDING ITEMS.SEES FY 2019 SALES $75.5 BILLION TO $77 BILLION.QTRLY GAAP EPS OF $0.83.QTRLY ADJUSTED EPS OF $1.95.QTRLY SALES OF $18.0 BILLION, UP 15 PERCENT VERSUS PRIOR YEAR INCLUDING 11 PERCENT ORGANIC GROWTH.Q4 EARNINGS PER SHARE VIEW $1.53, REVENUE VIEW $16.91 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $7.80 -- REFINITIV IBES DATA.LOOKING TO 2019, SEGMENT PROFIT IS EXPECTED TO GROW FASTER THAN SALES.OTIS NEW EQUIPMENT ORDERS IN QUARTER WERE FLAT ORGANICALLY VERSUS PRIOR YEAR.SEES 2019 FREE CASH FLOW OF $4.5 BILLION TO $5.0 BILLION.FREE CASH FLOW FOR 2019, EXCLUDING SEPARATION COSTS, IS EXPECTED TO GROW FASTER THAN EARNINGS.QTRLY EQUIPMENT ORDERS AT CARRIER INCREASED 3 PERCENT ORGANICALLY.SEES 2019 SALES OF $75.5 TO $77.0 BILLION, INCLUDING ORGANIC SALES GROWTH OF 3 PERCENT-5 PERCENT.FY2019 REVENUE VIEW $77.15 BILLION -- REFINITIV IBES DATA.UNITED TECHNOLOGIES - IN QUARTER, COMMERCIAL AFTERMARKET SALES WERE UP 11 PERCENT AT PRATT & WHITNEY & UP 8 PERCENT ORGANICALLY AT COLLINS AEROSPACE SYSTEMS.Q4 RESULTS EXCEEDED EXPECTATIONS PRIMARILY DUE TO FAVORABLE EFFECTIVE TAX RATE & BETTER ROCKWELL COLLINS RESULTS.QTRLY GAAP EPS INCLUDED $1.12 OF NET RESTRUCTURING CHARGES AND OTHER SIGNIFICANT ITEMS.QTRLY GAAP EPS ALSO INCLUDES $692 MILLION TAX CHARGE PRIMARILY RELATED TO UNDISTRIBUTED FOREIGN EARNINGS.  Full Article

Collins Aerospace Selected By Lockheed To Provide Avionics For QUESST Aircraft
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Lockheed Martin Corp ::COLLINS AEROSPACE - SELECTED BY LOCKHEED MARTIN TO PROVIDE AVIONICS FOR NEW X-59 QUIET SUPERSONIC TECHNOLOGY (QUESST) AIRCRAFT.  Full Article

Pratt & Whitney Says JetSmart Signs V2500 Maintenance Service Agreement
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Pratt & Whitney::JETSMART SIGNS V2500® MAINTENANCE SERVICE AGREEMENT.PRATT & WHITNEY - JETSMART SIGNED 8-YEAR SERVICE AGREEMENT WITH IAE INTERNATIONAL AERO ENGINES AG TO MAINTAIN ITS CURRENT FLEET OF V2500-POWERED A320CEOS.  Full Article

Pratt & Whitney Inks 12-Year EngineWise Service Agreement With Philippine Airlines
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - United Technologies Corp ::PRATT & WHITNEY INKS 12-YEAR ENGINEWISE® SERVICE AGREEMENT WITH PHILIPPINE AIRLINES.PRATT & WHITNEY SAYS AGREEMENT WILL COVER PHILIPPINE AIRLINES' FLEET OF 15 FIRM AIRBUS A321NEO AIRCRAFT POWERED BY PRATT & WHITNEY GTF ENGINES.  Full Article

Pratt & Whitney Canada Receives Transport Canada Approval For Significant Cycle Limit Increases On Pt6a-140 Engines
Monday, 3 Dec 2018 

Dec 3 (Reuters) - United Technologies Corp ::PRATT & WHITNEY CANADA RECEIVES TRANSPORT CANADA APPROVAL FOR SIGNIFICANT CYCLE LIMIT INCREASES ON PT6A-140 ENGINES WITH DIRECT BENEFITS FOR BROAD BASE OF OPERATORS.  Full Article

United Tech CEO Says We Studied Other Spin Transactions Extensively - CNBC Interview
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - :UNITED TECHNOLOGIES CEO GREG HAYES SAYS WE STUDIED OTHER SPIN TRANSACTIONS EXTENSIVELY - CNBC INTERVIEW.UNITED TECHNOLOGIES CEO GREG HAYES SAYS TARIFFS BENEFIT NO ONE, THEY DO NOT BRING JOBS BACK.UNITED TECHNOLOGIES CEO GREG HAYES SAYS TAX REFORM HAS FREED UP A TON OF CASH.UNITED TECHNOLOGIES CEO GREG HAYES SAYS TRYING BEST TO MINIMIZE TRANSACTION COSTS.UNITED TECHNOLOGIES CEO GREG HAYES SAYS CONCERNED THAT WITH FULL EMPLOYMENT THERE IS INFLATION ON HORIZON.  Full Article

United Tech Says Focused Businesses Tend To Do Better
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - United Technologies Corp ::UNITED TECH SAYS STILL EXPECT ONE-TIME COSTS TO BE IN THE RANGE OF $2.5 BILLION TO $3 BILLION RELATED TO SEPARATION - CONF CALL.UNITED TECH CEO GREG HAYES SAYS THE WORLD HAS CHANGED, WE ALL RECOGNIZE THE FACT THAT FOCUSED BUSINESSES TEND TO DO BETTER - CONF CALL.UNITED TECH SAYS M&A IS GOING TO BE PART OF THE GROWTH STRATEGY OF BOTH CARRIER AND HOPEFULLY OTIS, ALTHOUGH PROBABLY MORE DIFFICULT WITH OTIS.UNITED TECH SAYS WILL NOW HAVE AN AEROSPACE BUSINESS THAT WILL HAVE SALES OF ROUGHLY $50 BILLION BY 2020, GIVING IT SCALE TO THINK ABOUT STAND-ALONE AEROSPACE BUSINESS.  Full Article

United Technologies Obtains Final Regulatory Approval
Friday, 23 Nov 2018 

Nov 23 (Reuters) - United Technologies Corp ::UNITED TECHNOLOGIES OBTAINS FINAL REGULATORY APPROVAL FOR ROCKWELL COLLINS ACQUISITION.UNITED TECHNOLOGIES CORP - ACQUISITION IS EXPECTED TO CLOSE WITHIN THREE BUSINESS DAYS.  Full Article

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