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United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bill Ackman Has Sold His Positions In United Technologies And ADP- Bloomberg Reporter On Twitter
Monday, 5 Aug 2019 

Aug 5 (Reuters) - :BILL ACKMAN HAS SOLD HIS POSITIONS IN UNITED TECHNOLOGIES AND ADP, HAS BUILT A NEW POSITION IN AN UNDISCLOSED COMPANY- BLOOMBERG REPORTER ON TWITTER.  Full Article

United Technologies Says 737 MAX Grounding Helping Commercial Aftermarket Sales - CFO
Tuesday, 23 Jul 2019 

July 23 (Reuters) - United Technologies Corp ::UNITED TECHNOLOGIES SAYS MAX GROUNDING HELPING COMMERCIAL AFTERMARKET SALES AS AIRLINES UTILIZE OLDER FLEET - CFO.UTC SAYS STILL EXPECT AN UP TO 10 CENTS PER SHARE IMPACT ON FULL YEAR EARNINGS DUE TO MAX GROUNDING - CFO.UTC SAYS, "AS WE TALKING TO INVESTORS, PEOPLE ARE STARTING TO SEE THE BENEFITS OF UTC-RAYTHEON DEAL" - CFO.UTC SAYS COLLINS INTEGRATION GOING “EXTREMELY WELL” CFO.UTC SAYS TAKEN UP THE COLLINS SALES GUIDANCE BY $150 MILLION FOR 2019; ACCRETION TO EARNINGS FOR THE CURRENT YEAR GOING UP BY 15 CENTS TO 50 CENTS - CFO.UTC EXPECTS COST SYNERGIES FROM COLLINS DEAL ABOUT $200 MILLION IN 2019, UP FROM $150 MILLION ESTIMATED PREVIOUSLY; SEE HIGHER CONFIDENCE IN ACHIEVING TOTAL COST SYNERGIES ABOUT $600 MILLION - CFO.UTC EXPECTS CARRIER UNIT TO GROW AT SLOWER RATE IN 2019 THAN PREVIOUSLY EXPECTED - CFO.UTC SEEING WEAKNESS IN THE CARRIER BUSINESS IN EUROPE; COOL START TO THE SUMMER IN THE U.S. ALSO AFFECTED CARRIER RESIDENTIAL SALES – CFO.UTC SAYS SEEING INCREMENTAL WEAKNESS IN EUROPE FOR BOTH OTIS AND CARRIER BUSINESSES – CFO.UTC SAYS CHINA FEELS “INCREMENTALLY BETTER” THAN WHAT CO HAD EXPECTED COMING INTO THE YEAR FOR OTIS – CFO.UTC SAYS OTIS ORDER IN CHINA GREW BY 5% IN VALUE TERMS IN Q2; U.S. ACTIVITY IS STABLE FOR OTIS – CFO.  Full Article

United Technologies Reports Q2 Results
Tuesday, 23 Jul 2019 

July 23 (Reuters) - United Technologies Corp ::UNITED TECHNOLOGIES REPORTS SECOND QUARTER 2019 RESULTS; RAISES 2019 ORGANIC SALES AND ADJUSTED EPS OUTLOOK.QTRLY SALES OF $19.6 BILLION, UP 18 PERCENT VERSUS PRIOR YEAR.QTRLY GAAP EPS OF $2.20.QTRLY GAAP EPS OF $2.20.QTRLY ADJUSTED EPS OF $2.20.BASED ON A SOLID FIRST HALF, WE FEEL CONFIDENT RAISING OUR OUTLOOK FOR FULL YEAR.SEES 2019 ADJUSTED EPS OF $7.90 TO $8.05, UP FROM $7.80 TO $8.00.UPDATES ITS 2019 OUTLOOK.OTIS NEW EQUIPMENT ORDERS WERE DOWN 6 PERCENT AT CONSTANT CURRENCY IN QUARTER.CONTINUED TO SEE OUTPERFORMANCE AT COLLINS AEROSPACE THIS QUARTER.MADE SIGNIFICANT PROGRESS ON INTEGRATION OF ROCKWELL COLLINS, WHICH MORE THAN OFFSET SOFTNESS IN CARRIER'S END MARKETS.SEES 2019 ORGANIC SALES GROWTH OF 4 TO 5 PERCENT, UP FROM 3 TO 5 PERCENT.LOOKING AHEAD, WE REMAIN ON TRACK TO ESTABLISH OTIS AND CARRIER AS INDEPENDENT COMPANIES IN FIRST HALF OF 2020.QTRLY EQUIPMENT ORDERS AT CARRIER WERE DOWN 12 PERCENT ORGANICALLY.NO CHANGE IN PREVIOUSLY PROVIDED 2019 EXPECTATIONS FOR SALES OF $75.5 BILLION TO $77.0 BILLION.QTRLY PRATT & WHITNEY COMMERCIAL AFTERMARKET SALES WERE UP 2 PERCENT.NO CHANGE IN 2019 FREE CASH FLOW OF $4.5 BILLION TO $5.0 BILLION.IN QUARTER, COLLINS AEROSPACE COMMERCIAL AFTERMARKET SALES WERE UP 75 PERCENT AND UP 18 PERCENT ORGANICALLY.QTRLY PRATT & WHITNEY COMMERCIAL AFTERMARKET SALES WERE UP 2 PERCENT.Q2 EARNINGS PER SHARE VIEW $2.05, REVENUE VIEW $19.55 BILLION -- REFINITIV IBES DATA.  Full Article

United Technologies Responds To Third Point’S Press Release
Friday, 28 Jun 2019 

June 28 (Reuters) - UNITED TECHNOLOGIES ::UNITED TECHNOLOGIES CORP RESPONDS TO THIRD POINT’S PRESS RELEASE.UNITED TECHNOLOGIES SAYS DO NOT AGREE WITH THE ASSERTIONS AND CONCLUSIONS IN THE THIRD POINT LETTER.UNITED TECHNOLOGIES SAYS HAVE BEEN ADVISED BY OTHER SHAREOWNERS THEY "RECOGNIZE AND AGREE WITH US AS TO THE DESIRABILITY" OF MERGER WITH RAYTHEON.UNITED TECHNOLOGIES SAYS CONTINUE TO EXPECT THAT RAYTHEON TRANSACTION WILL CLOSE IN H1 2020.  Full Article

Collins Aerospace To Safeguard Systems At Colombia's El Dorado International Airport
Tuesday, 18 Jun 2019 

June 18 (Reuters) - :COLLINS AEROSPACE TO IMPROVE THE PASSENGER PROCESSING EXPERIENCE AND SAFEGUARD SYSTEMS AT COLOMBIA'S EL DORADO INTERNATIONAL AIRPORT.  Full Article

Collins Aerospace Awarded $25 Million Repair Contract With Naval Supply Systems Command
Tuesday, 18 Jun 2019 

June 18 (Reuters) - COLLINS AEROSPACE::COLLINS AEROSPACE - TOTAL VALUE OF ANG AND NAVAIR AWARDS COLLINS AEROSPACE HAS RECEIVED TO DATE EXCEEDS $300 MILLION .COLLINS AEROSPACE RECEIVES ADDITIONAL C-130 NP2000 PROPELLER UPGRADE AND SUPPORT AWARDS FROM U.S. AIR NATIONAL GUARD, U.S. NAVY.COLLINS AEROSPACE - AWARDED $25 MILLION LONG-TERM REPAIR CONTRACT WITH NAVAL SUPPLY SYSTEMS COMMAND TO SUPPORT MAINTENANCE OF NP2000'S.  Full Article

Collins Aerospace To Establish Aerospace Innovation Hub In Singapore
Monday, 17 Jun 2019 

June 17 (Reuters) - :COLLINS AEROSPACE TO ESTABLISH AEROSPACE INNOVATION HUB IN SINGAPORE TO IMPROVE MAINTENANCE, REPAIR AND MANUFACTURING CAPABILITIES.  Full Article

Collins Aerospace says Selected By Saab To Provide Key Power And Controls Systems For Boeing T-X Trainer
Monday, 17 Jun 2019 

June 17 (Reuters) - :COLLINS AEROSPACE - CO SELECTED BY SAAB TO PROVIDE KEY POWER AND CONTROLS SYSTEMS FOR BOEING T-X TRAINER, INCLUDING AIRCRAFT'S POWER TAKE OFF SHAFT.  Full Article

Airbus CEO says taking time to study United Tech-Raytheon merger plan
Friday, 14 Jun 2019 

June 14 (Reuters) - Airbus CEO Guillaume Faury at Paris news conference::AIRBUS CEO SAYS TAKING TIME TO STUDY UNITED TECH-RAYTHEON MERGER PLAN, SPEAKING WITH MANAGEMENTS OF BOTH COMPANIES.  Full Article

United Technologies Sets Quarterly Dividend Of $0.735 Per Share
Monday, 10 Jun 2019 

June 10 (Reuters) - United Technologies Corp ::SETS QUARTERLY DIVIDEND OF $0.735PER SHARE.  Full Article

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Exclusive: Checks to be ordered after 2017 Airbus A380 engine explosion

LONDON Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw with a key part in a move likely to trigger checks on dozens of Airbus superjumbos worldwide, people familiar with the matter said.