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United Technologies Corp (UTX.N)

UTX.N on New York Stock Exchange

149.36USD
15 Nov 2019
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Latest Key Developments (Source: Significant Developments)

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

Collins Aerospace, SES And Vista Global To Launch LuxStream Connectivity Service
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - SES SA ::COLLINS AEROSPACE, SES AND VISTA GLOBAL TO LAUNCH LUXSTREAM CONNECTIVITY SERVICE.  Full Article

Bill Ackman Has Sold His Positions In United Technologies And ADP- Bloomberg Reporter On Twitter
Tuesday, 6 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

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India orders IndiGo to replace all Pratt engines on Airbus A320neo planes

NEW DELHI IndiGo  must replace all Pratt & Whitney (P&W) engines on its fleet of almost 100 twin-engined Airbus A320neo family aircraft with new P&W power units, India's air safety watchdog said on Friday following recent inflight engine shutdowns.