Edition:
India

United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

132.18USD
27 Feb 2020
Change (% chg)

$-6.20 (-4.48%)
Prev Close
$138.38
Open
$135.98
Day's High
$137.46
Day's Low
$132.13
Volume
2,131,277
Avg. Vol
916,567
52-wk High
$158.42
52-wk Low
$121.58

Latest Key Developments (Source: Significant Developments)

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

Otis Appoints Rahul Ghai Chief Financial Officer
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Otis Elevator Co::OTIS APPOINTS RAHUL GHAI CHIEF FINANCIAL OFFICER.OTIS - REMAINS ON TRACK TO SEPARATE FROM UNITED TECHNOLOGIES CORP. AND BECOME AN INDEPENDENT COMPANY IN FIRST HALF OF 2020..OTIS ELEVATOR CO - GHAI MOST RECENTLY SERVED AS SENIOR VICE PRESIDENT AND CFO OF HARRIS CORPORATION.  Full Article

Raytheon Says Proposed Merger Of Raytheon And Utc On Track To Close In H1 Of 2020
Friday, 13 Sep 2019 

Sept 12 (Reuters) - Raytheon Co ::RAYTHEON CO - PROPOSED MERGER OF RAYTHEON AND UTC REMAINS ON TRACK TO CLOSE IN FIRST HALF OF 2020..  Full Article

Raytheon Says Anthony O'brien Will Assume Position Of CFO Of Raytheon Tech
Friday, 13 Sep 2019 

Sept 12 (Reuters) - Raytheon Co ::RAYTHEON - ANTHONY O'BRIEN WILL ASSUME POSITION OF CFO OF RAYTHEON TECH, THE COMBINED CO TO BE FORMED BY PROPOSED MERGER OF CO, UNITED TECHNOLOGIES.  Full Article

Deals of the day-Mergers and acquisitions

Feb 24 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: