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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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$-5.36 (-5.87%)
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Latest Key Developments (Source: Significant Developments)

Raytheon Technologies CEO Says Remain Confident In Ability To Deliver On Synergy Targets, Which Is Over $1 Bln In Gross Savings
Tuesday, 28 Jul 2020 

July 28 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES CEO SAYS REMAIN CONFIDENT IN ABILITY TO DELIVER ON SYNERGY TARGETS, WHICH IS OVER $1 BILLION IN GROSS SAVINGS - CONF CALL.RAYTHEON TECHNOLOGIES CEO SAYS ON TRACK TO ACHIEVE $2 BILLION IN COST SAVINGS THIS YEAR & $4 BILLION IN CASH CONSERVATION ACTIONS BY END OF YEAR.RAYTHEON TECHNOLOGIES CEO - EFFECTS OF PANDEMIC ON ECONOMY, COMMERCIAL AEROSPACE PROVEN TO BE LOT WORSE THAN ORIGINALLY PROJECTED EVEN FEW MONTHS AGO.RAYTHEON TECHNOLOGIES CEO SAYS NOW WOULD EXPECT IT WILL TAKE AT LEAST UNTIL 2023 FOR COMMERCIAL AIR TRAFFIC TO RECOVER TO 2019 LEVELS.RAYTHEON TECHNOLOGIES - QTRLY MILITARY SALES WERE UP 10%, DRIVEN BY STRENGTH ACROSS KEY PLATFORMS & PRODUCT LINES, INCLUDING HIGHER F-35 VOLUME.RAYTHEON TECHNOLOGIES - PRATT & WHITNEY SEGMENT QTRLY MILITARY SALES WERE UP 11%, ON HIGHER AFTERMARKET SALES, INCREASED F135 PRODUCTION VOLUME.RAYTHEON TECHNOLOGIES - MILITARY PROGRAM GROWTH REMAINS ROBUST, BOTH DOMESTICALLY AND INTERNATIONALLY.RAYTHEON TECHNOLOGIES - WHILE AIR TRAVEL TRENDS ACROSS THE GLOBE ARE GENERALLY IMPROVING, RECOVERY IS SLOW.RAYTHEON TECHNOLOGIES - EXPECT TO SEE A GRADUAL RECOVERY IN Q4 IN COLLINS COMMERCIAL AFTERMARKET SALES.RAYTHEON TECHNOLOGIES - FOR EPS, EXPECT Q3 TO GENERALLY BE IN LINE WITH Q2 WITH SOME PUTS AND TAKES AND THEN A GRADUAL RECOVERY BEGINNING IN Q4.RAYTHEON TECHNOLOGIES - PRATT & WHITNEY SEGMENT IS FULLY ALIGNED WITH AIRBUS DELIVERIES THIS YEAR & NEXT YEAR.  Full Article

Raytheon Technologies Reports Second Quarter 2020 Results
Tuesday, 28 Jul 2020 

July 28 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES REPORTS SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.40.Q2 SALES $14.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $13.48 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.12 -- REFINITIV IBES DATA.Q2 GAAP LOSS PER SHARE $2.56 FROM CONTINUING OPERATIONS.Q2 LOSS PER SHARE $2.56.RAYTHEON - LOOKING AHEAD, CO EXPECTS PRESSURES IN COMMERCIAL AEROSPACE TO PERSIST AS OEM PRODUCTION LEVELS AND AFTERMARKET ACTIVITY REMAIN LOW.BACKLOG AT END OF Q2 WAS $158.7 BILLION.COLLINS AEROSPACE HAD Q2 2020 ADJUSTED SALES OF $4,298 MILLION, DOWN 35 PERCENT VERSUS PRIOR YEAR.PRATT & WHITNEY HAD Q2 2020 ADJUSTED SALES OF $3,607 MILLION, DOWN 30 PERCENT VERSUS PRIOR YEAR.  Full Article

Raytheon Technologies Says Its Unit Was Awarded A Multiple Award
Monday, 15 Jun 2020 

June 15 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES - UNIT WAS AWARDED MULTIPLE AWARD IDIQ TO PARTICIPATE IN AIR FORCE'S DEVELOPMENT OF ADVANCED BATTLE MANAGEMENT SYSTEM.RAYTHEON TECHNOLOGIES - IDIQ CONTRACT IS VALUED UP TO $950 MILLION OVER NEXT FIVE YEARS WITH OPTIONS BEYOND.  Full Article

Raytheon Technologies Sets Quarterly Dividend Of $0.475 Per Share
Tuesday, 9 Jun 2020 

June 8 (Reuters) - Raytheon Technologies Corp ::SETS QUARTERLY DIVIDEND OF $0.475PER SHARE.  Full Article

Raytheon Technologies Expects 2020 Free Cash Flow Of About $2 Bln - UBS Conf
Tuesday, 2 Jun 2020 

June 2 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES CFO SAYS PRATT AND COLLINS UNITS WILL HAVE NEGATIVE OPERATING PROFIT IN Q2.RAYTHEON TECHNOLOGIES CFO SAYS Q2 WILL BE THE WORST QUARTER WITHIN THE YEAR FOR COMMERCIAL AERO - UBS CONF.RAYTHEON TECHNOLOGIES CFO SAYS PRATT ENGINE INDUCTIONS ARE DOWN 60% TO 70% QUARTER-TO-DATE - UBS CONF.RAYTHEON TECHNOLOGIES CFO SAYS SEEING AFTERMARKET METRICS DOWN BETWEEN 50% AND 60% AT COLLINS QUARTER-TO-DATE - UBS CONF.RAYTHEON TECHNOLOGIES CFO SAYS EXPECTS ADJUSTED EPS TO ONLY BE SLIGHTLY POSITIVE IN Q2 - UBS CONF.RAYTHEON TECHNOLOGIES CFO SAYS Q2 FREE CASH FLOW WILL BE AN OUTFLOW IN THE RANGE OF $1.5 BILLION - UBS CONF.RAYTHEON TECHNOLOGIES CFO SAYS EXPECTS 2020 FREE CASH FLOW OF ABOUT $2 BILLION - UBS CONF.ANALYSTS ON AVERAGE EXPECT RAYTHEON TECHNOLOGIES TO POST 2020 FREE CASH FLOW OF $2.86 BILLION ACCORDING TO IBES DATA FROM REFINITIV.RAYTHEON TECHNOLOGIES CFO SAYS COMMITTED TO RETURNING THE $18 BILLION TO $20 BILLION OF CAPITAL TO SHAREOWNERS OVER NEXT 4 YEARS - UBS CONF.  Full Article

Raytheon Tech Expects Defense Business To Grow In Mid Single Digits in 2020 - CFO
Thursday, 7 May 2020 

May 7 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES EXPECTS POSITIVE FREE CASH FLOW IN 2020 DRIVEN BY DEFENSE UNIT - CFO.RAYTHEON TECHNOLOGIES DEFENSE BUSINESS EXPECTED TO GROW IN MID SINGLE DIGITS THIS YEAR- CFO.RAYTHEON TECHNOLOGIES DOES NOT EXPECT TO HIT ITS FREE CASH FLOW TARGET OF $8 BILLION IN 2021, DUE TO THE CORONAVIRUS CRISIS - CFO.RAYTHEON TECHNOLOGIES' COMMERCIAL AEROSPACE BUSINESS WILL BREAK EVEN IN TERMS OF CASH FLOW THIS YEAR, INCLUDING COST SAVINGS AND CASH CONSERVATION ACTIONS - CFO.  Full Article

Raytheon Technologies Reports Q1 Adjusted Earnings Per Share $1.78
Thursday, 7 May 2020 

May 7 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES REPORTS FIRST QUARTER 2020 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.78.Q1 SALES $18.2 BILLION VERSUS REFINITIV IBES ESTIMATE OF $17.34 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.22 -- REFINITIV IBES DATA.Q1 LOSS PER SHARE $0.10 INCLUDING ITEMS.QUARTER-END BACKLOG OF $51.3 BILLION.QTRLY BOOKINGS WERE $10.3 BILLION, RESULTING IN A BOOK-TO-BILL RATIO OF 1.44.FINANCIAL IMPACT OF COVID-19 PANDEMIC CANNOT BE REASONABLY ESTIMATED AT THIS TIME.NOT PROVIDING AN OUTLOOK AT THIS TIME.WILL REVISIT PROVIDING A 2020 OUTLOOK AT OUR NEXT EARNINGS RELEASE.RAYTHEON TECHNOLOGIES - COVID-19 PANDEMIC IMPACTED RTC'S BUSINESSES, OPERATIONS AND AEROSPACE SECTOR AS A WHOLE.RAYTHEON TECHNOLOGIES - FINANCIAL IMPACT OF THE COVID-19 PANDEMIC CANNOT BE REASONABLY ESTIMATED AT THIS TIME.RAYTHEON TECHNOLOGIES - HAS TAKEN IMMEDIATE ACTIONS TO CONSERVE CASH, REDUCE COSTS; WILL CONTINUE TO EVALUATE FURTHER ACTIONS.BACKLOG FOR RAYTHEON COMPANY DOES NOT INCLUDED IN RAYTHEON TECHNOLOGIES Q1 RESULTS.  Full Article

Raytheon Technologies Board Of Directors Declares Quarterly Cash Dividend
Tuesday, 28 Apr 2020 

April 27 (Reuters) - Raytheon Technologies Corp ::RAYTHEON TECHNOLOGIES BOARD OF DIRECTORS DECLARES QUARTERLY CASH DIVIDEND.RAYTHEON TECHNOLOGIES - BOARD DECLARED A DIVIDEND OF 47.5 CENTS PER OUTSTANDING SHARE.  Full Article

AMERGINT Technologies To Acquire Raytheon Technologies' Space-Based Precision Optics Business
Monday, 20 Apr 2020 

April 20 (Reuters) - AMERGINT Technologies::AMERGINT TECHNOLOGIES TO ACQUIRE RAYTHEON TECHNOLOGIES’ SPACE-BASED PRECISION OPTICS BUSINESS.AMERGINT TECHNOLOGIES - TERMS OF TRANSACTION WERE NOT DISCLOSED.  Full Article

Raytheon Technologies Withdrawing Collins Aerospace And Pratt & Whitney Financial Outlooks For 2020
Friday, 3 Apr 2020 

April 3 (Reuters) - United Technologies Corp ::RAYTHEON TECHNOLOGIES - WITHDRAWING COLLINS AEROSPACE AND PRATT & WHITNEY FINANCIAL OUTLOOKS FOR 2020.RAYTHEON CO - COVID-19 PANDEMIC HAS SIGNIFICANTLY INCREASED GLOBAL ECONOMIC AND DEMAND UNCERTAINTY..RAYTHEON CO - NOT PROVIDING AN UPDATED OUTLOOK FOR THESE BUSINESSES AT THIS TIME.RAYTHEON - COVID-19 PANDEMIC MAY ALSO IMPACT RTC'S SUPPLY CHAINS.RAYTHEON - FINANCIAL IMPACT OF COVID-19 PANDEMIC CANNOT BE REASONABLY ESTIMATED AT THIS TIME.  Full Article

Raytheon Technologies expects to be cash flow positive in 2020 - CFO

Raytheon Technologies Corp expects positive free cash flow in 2020, primarily driven by its defense business, the U.S. weapons maker's Chief Financial Officer Toby O'Brien told Reuters.