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United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

86.01USD
2 Apr 2020
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Latest Key Developments (Source: Significant Developments)

Raytheon Technologies Reports Q3 Adjusted Earnings Per Share $0.58
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES REPORTS THIRD QUARTER 2020 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.58.Q3 GAAP EARNINGS PER SHARE $0.10 FROM CONTINUING OPERATIONS.Q3 SALES $14.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF $15.05 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.50 -- REFINITIV IBES DATA.BACKLOG AT END OF Q3 WAS $152.3 BILLION.COLLINS AEROSPACE HAD Q3 2020 ADJUSTED SALES OF $4,278 MILLION, DOWN 34 PERCENT.PRATT & WHITNEY HAD Q3 2020 ADJUSTED SALES OF $3,790 MILLION, DOWN 28 PERCENT.  Full Article

Francisco Partners To Acquire Forcepoint From Raytheon Technologies
Tuesday, 27 Oct 2020 

Oct 26 (Reuters) - Raytheon Technologies Corp ::FRANCISCO PARTNERS TO ACQUIRE FORCEPOINT FROM RAYTHEON TECHNOLOGIES.FORCEPOINT - DEBT FINANCING FOR TRANSACTION WAS PROVIDED BY CREDIT SUISSE.  Full Article

Raytheon CFO Says Continues To See 2020 Pro forma Free Cash Flow Of $2 Bln
Tuesday, 28 Jul 2020 

July 28 (Reuters) - Raytheon Technologies Corp ::RAYTHEON CFO SAYS CONTINUES TO SEE FULL-YEAR PROFORMA FREE CASH FLOW OF $2 BILLION, WITH THE COMMERCIAL AEROSPACE BUSINESS TO BE AROUND BREAKEVEN AND DEFENSE UNIT GENERATING ABOUT $3.5 BILLION IN CASH.RAYTHEON CFO SAYS CONTINUES TO SEE $1.2 BILLION-$1.4 BILLION OF ONE-TIME CASH COSTS BETWEEN Q2 AND Q4.RAYTHEON CFO SAYS CO CONSERVED ABOUT $1 BILLION CASH IN Q2, TOPPING ITS EXPECTATIONS OF $400 MILLION CASH SAVINGS; REAFFIRMS FULL-YEAR CASH CONSERVATION TARGET OF $4 BILLION.RAYTHEON CFO REAFFIRMS ITS 2020 TARGET OF $2 BILLION IN COST SAVINGS.RAYTHEON CFO SAYS BURNDOWN OF COLLINS COMMERCIAL AFTERMARKET BACKLOG INTO Q2 WAS MORE THAN CO HAD EXPECTED AT THE START OF THE QUARTER.RAYTHEON CFO SAYS CONTINUES TO SEE INTERNATIONAL DEFENSE BUSINESS REMAINING STRONG GOING FORWARD.  Full Article

UTC Announces Pricing Of Carrier's Notes Offering
Friday, 14 Feb 2020 

Feb 13 (Reuters) - United Technologies Corp ::UTC ANNOUNCES PRICING OF CARRIER'S NOTES OFFERING.UNITED TECHNOLOGIES - UNIT PRICED AN OFFERING OF 144A NOTES WITH REGISTRATION RIGHTS OF $500 MILLION OF 1.923% NOTES DUE 2023.UNITED TECHNOLOGIES - UNIT PRICED AN OFFERING OF 144A NOTES WITH REGISTRATION RIGHTS OF $2 BILLION OF 2.242% NOTES DUE 2025.UNITED TECHNOLOGIES - UNIT PRICED AN OFFERING OF 144A NOTES WITH REGISTRATION RIGHTS OF $1.25 BILLION OF 2.493% NOTES DUE 2027.UNITED TECHNOLOGIES - UNIT PRICED AN OFFERING OF 144A NOTES WITH REGISTRATION RIGHTS OF $2 BILLION OF 2.722% NOTES DUE 2030.UNITED TECHNOLOGIES - UNIT PRICED AN OFFERING OF 144A NOTES WITH REGISTRATION RIGHTS OF $1.5 BILLION OF 3.377% NOTES DUE 2040.UNITED TECHNOLOGIES - UNIT PRICED AN OFFERING OF 144A NOTES WITH REGISTRATION RIGHTS OF $2 BILLION OF 3.577% NOTES DUE 2050.  Full Article

United Technologies Reports Q4 Adjusted Eps Of $1.94
Tuesday, 28 Jan 2020 

Jan 28 (Reuters) - United Technologies Corp ::UNITED TECHNOLOGIES REPORTS 2019 RESULTS.QTRLY SALES OF $19.6 BILLION, UP 8 PERCENT VERSUS PRIOR YEAR, INCLUDING 1 PERCENT ORGANIC GROWTH.QTRLY ADJUSTED EPS OF $1.94.QTRLY GAAP EPS OF $1.32.Q4 EARNINGS PER SHARE VIEW $1.84, REVENUE VIEW $19.38 BILLION -- REFINITIV IBES DATA.2020 OUTLOOK FOR SALES, ADJUSTED EPS AND FREE CASH FLOW FOR RAYTHEON TECHNOLOGIES WILL BE PROVIDED AFTER MERGER CLOSES..QTRLY EQUIPMENT ORDERS AT CARRIER WERE DOWN 4 PERCENT ORGANICALLY.OTIS NEW EQUIPMENT ORDERS WERE UP 3 PERCENT AT CONSTANT CURRENCY IN QUARTER AND FLAT ON A ROLLING TWELVE MONTH BASIS.QTRLY COLLINS AEROSPACE COMMERCIAL AFTERMARKET SALES WERE UP 42 PERCENT AND UP 9 PERCENT ORGANICALLY.UNITED TECHNOLOGIES - ON A PRO FORMA BASIS, QTRLY COLLINS AEROSPACE COMMERCIAL AFTERMARKET SALES WERE UP 11 PERCENT INCLUDING ROCKWELL COLLINS.SEES PRATT & WHITNEY 2020 SALES UP MID SINGLE DIGIT VERSUS 2019.UNITED TECHNOLOGIES -SEES PRATT & WHITNEY 2020 ADJUSTED OPERATING PROFIT UP $225 TO $275 MILLION VERSUS 2019.SEES COLLINS AEROSPACE 2020 SALES DOWN LOW SINGLE DIGIT VERSUS 2019.UNITED TECHNOLOGIES- 2020 COLLINS AEROSPACE SALES OUTLOOK INCLUDES ABOUT 5 POINT HEADWIND FROM SUSPENSION OF 737 MAX PRODUCTION, AMONG OTHERS.SEES COLLINS AEROSPACE 2020 ADJUSTED OPERATING PROFIT DOWN $275 TO $325 MILLION VERSUS 2019.UNITED TECHNOLOGIES - COLLINS AEROSPACE 2020 ADJUSTED OPERATING PROFIT OUTLOOK INCLUDES ESTIMATED HEADWIND OF ABOUT $550-$600 MILLION FROM 737 MAX, OTHERS.  Full Article

Interglobe Aviation Exec Says Q4 Off To Weak Start Due To Engine Changes
Monday, 27 Jan 2020 

Jan 27 (Reuters) - Interglobe Aviation Ltd Exec ::IMPROVEMENT IN YOY UNIT REVENUE WILL BE A CHALLENGE.SHOULD BE ABLE TO IMPROVE AIRCRAFT UTILISATION FROM JUNE 2020.AIRCRAFT UTILISATION HELD BACK DUE TO ENGINE CHANGES, PILOT TRAINING.EXPECT MAINTENANCE COST TO IMPROVE FROM FY21 FISCAL.50% OF ADDITIONAL CAPACITY TO BE DEPLOYED ON INTERNATIONAL ROUTES.REPLACED BOTH UNMODIFIED PRATT & WHITNEY ENGINES ON ABOUT 60% OF AFFECTED AIRBUS A320NEO FLEET OF OVER 100 PLANES.Q4 IS OFF TO A WEAK START BECAUSE OF THE ENGINE CHANGES.HAD SOME DELAY IN PLANE DELIVERIES FROM AIRBUS.EXPECT TO GROW AIRCRAFT UTILISATION TO ABOVE 13 HOURS FROM ABOUT 12.2 HOURS CURRENTLY.EXPECT ALL USED AIRBUS A320CEO PLANES TAKEN ON SHORT TERM LEASE TO BE RETURNED BY DEC 2022.IN DISCUSSION WITH QATAR AIRWAYS TO EXPAND CURRENT ONE-WAY CODE SHARE AGREEMENT.SAYS WILL ASSESS CANCELLATIONS OVER NEXT 2-3 DAYS BEFORE DECIDING WHETHER TO PULL CAPACITY FROM CHINA DUE TO VIRUS.  Full Article

Noresco Awarded An Energy Savings Performance Contract To Implement 10 Megawatts Of Onsite Power Generation At Kadena Air Base In Okinawa, Japan
Friday, 17 Jan 2020 

Jan 17 (Reuters) - NORESCO::NORESCO - AWARDED AN ENERGY SAVINGS PERFORMANCE CONTRACT TO IMPLEMENT 10 MEGAWATTS OF ONSITE POWER GENERATION AT KADENA AIR BASE IN OKINAWA, JAPAN.NORESCO - $85.7 MILLION PROJECT, CONTRACTED THROUGH DLA ENERGY REQUIRES NO UPFRONT CAPITAL FROM AIR FORCE.NORESCO SAYS THE $85.7 MILLION PROJECT WILL GENERATE MORE THAN $153 MILLION IN GUARANTEED COST SAVINGS OVER PERFORMANCE PERIOD.NORESCO SAYS ESPC PROJECT INCLUDES ONE OF AIR FORCE'S LARGEST WATER CONSERVATION PROJECTS.  Full Article

Collins Aerospace Signs $320 Mln Contract With Lockheed Martin
Wednesday, 15 Jan 2020 

Jan 15 (Reuters) - United Technologies Corp ::BOUND FOR THE MOON: COLLINS AEROSPACE SIGNS $320 MILLION CONTRACT WITH LOCKHEED MARTIN TO PROVIDE CRITICAL SUBSYSTEMS FOR NASA'S ORION SPACECRAFT FLEET.COLLINS AEROSPACE - WORK FOR SYSTEMS BEING PROVIDED FOR ORION WILL BE PERFORMED AT CO'S FACILITIES IN CONNECTICUT, TEXAS, ILLINOIS, CALIFORNIA.  Full Article

Collins Aerospace Systems - Federal Aviation Administration Has Ordered Head-Up Display Virtual-Reality Training Device From Co
Tuesday, 7 Jan 2020 

Jan 7 (Reuters) - United Technologies Corp ::COLLINS AEROSPACE SYSTEMS - FEDERAL AVIATION ADMINISTRATION HAS ORDERED HEAD-UP DISPLAY VIRTUAL-REALITY TRAINING DEVICE FROM CO.  Full Article

United Technologies Sees Total Liabilities To Resolve All Pending & Potential Future Asbestos Claims Through 2059 About $330-$395 Million - SEC Filing
Friday, 25 Oct 2019 

Oct 25 (Reuters) - United Technologies Corp ::UNITED TECHNOLOGIES SEES TOTAL LIABILITIES TO RESOLVE ALL PENDING & POTENTIAL FUTURE ASBESTOS CLAIMS THROUGH 2059 ABOUT $330-$395 MILLION - SEC FILING.UNITED TECHNOLOGIES - PREVIOUSLY HAD SEEN TOTAL LIABILITY TO RESOLVE ALL PENDING & POTENTIAL FUTURE ASBESTOS CLAIMS THROUGH 2059 OF ABOUT $328 MILLION.  Full Article