Hopefully this will bring some $$$$ into the pipeline to offset some of the Canadian & Turkey losses.
From Seeking Alpha......
Pentagon adds last-minute funding for new Sikorsky helicopter • 6:51 PM
•The Pentagon said today that it would continue funding toward a new Sikorsky military rescue helicopter, paving the way for a potential contract award later this year to sole bidder United Technologies (UTX) that could eventually be worth more than $10B.
•The last-minute reprieve for the program follows intense lobbying by members of Congress, many of whom are critical of the broader $495B Pentagon budget. triggering horse-trading over various individual weapons purchases and planned cuts in the armed forces.
•U.S. Air Force officials had said previously that while the helicopter was needed, it may not make the cut because of budget pressures and other priorities.
Kid I'am uo 17% from 1-1-13. My money is 50/50 UTC Stck and Stable Growth. Probably too much stock, however, I'am very happy. No Guts No Glory!!!!!
Sentiment: Strong Buy
No I did mean 1-1-13 I'am 50/50 stock UTC and stable growth probably too much at my Age but I'am not complaining You know what they say No Guts No Glory!!!!!
From the Pratt Canada website..."PT6 and PW200 helicopter engines, also referred to as turboshaft engines, have played a key role in P&WC’s drive to become a leader in the worldwide helicopter market, all recognized for their outstanding reliability, durability and exceptional operating economics."
Looks like the commentary was lifted from the Pratt site. They didn't fool you......Kid
Just a guess.....Perhaps P&W is getting allot of the engine orders for the choppers from DOD? Typically, there are 2 orders. 1 for airframe and 1 for engines. Could that be why the wording was as it was?
Both United Technologies and GE Aviation are involved in the design, manufacture and sale of aerospace components like landing gears and actuation systems and provide maintenance, repair and overhaul (MRO) services in the global airline market. These manufacturers contest hard for initial sales of units, since a large installed base of engines ensure continued cash streams down the road via parts replacement and routine maintenance. About 70% of the world’s jetliner engines are manufactured either by General Electric or by CFM International.
Over the next decade, the market for jet engines is expected to skyrocket to around $500 billion. Single-aisle planes are expected to constitute 70% of the 35,000 new commercial jets in the next couple of decades, with a market valuation of nearly $2.3 trillion. While CFM International has been a prominent provider of engines on narrow-body, single-aisle planes, Pratt & Whitney has a relatively humble presence in commercial aircraft. Pratt & Whitney’s forte rather lies in the military contracting field.
Of the 2,610 Airbus A320neo orders as of Jan 2014, CFM International and Pratt & Whitney have secured about 32% each. Consequently, the contest seems pretty open with either of the player possessing the capability to outwit the other.
Chopper Prospects: Far From Choppy
While Sikorsky, a unit of United Technologies, is the Pentagon’s leading helicopter supplier, Pratt & Whitney is a dominant player in the worldwide helicopter market and is recognized for outstanding reliability, durability and exceptional operating economics.
airborne,......Not a big deal, these folks need to raise cash to pay the IRS and the CT DRS for wealth redistribution.......Kid
Kid- I do NOT think Louie forgot the mother country when he signed the papers making him a US citizen. Maybe he signed up to get his current job. Forgive me for being so cynical.
Chenevert is Canadian .....airborne, Louie used to be Canadian, now, he's American, he became a US citizen. Before he changed citizenship, he could not go on the Pratt military engine assembly area......Kid
I am too heavy into UTX also according to my age.65+ and retired. I will buy more at sub 100 and will sell @ 120+. I have spoken to people who have seen Chenervet in action and the way he treats people. He is a task master and he will not be denied his goal of driving the stock higher. After all, he has to prove he is every bit as good as his previous boss. Absent any market meltdowns, UTX will go higher. It is my belief that they are cleaning up the Sikorsky balance sheet to show they are profitable with great potential for "potential" suitors. Chenervet is Canadian but I am sure he is not too keen on S giving away S-92s to the Canadian Gvt and not receiving payment in return. My opinion, S failed miserably on that program and the Turkey program. If they didn't, they would not be giving away helicopters and paying the penalties they are paying. Louie isn't too happy about it.
So, Airborne, are you going to wait till it drops badly to jump back in, or stay the course? I've previously commented on my own buy at ~80 in May 12, then sell 1/2 at 90 and the other half at 99; coulda-shoulda-woulda, but didn't. As it was, it took quite a while for that trade to turn green. Always, taking a fair profit is honorable. I'm still too heavy UTX if you look at the advice the various how-to-manage-your-investments sites offer. I'll stay too heavy!
My 401K is up 2.08% YTD, not blazing out the gate, but, anything positive is good. This rate is about 11.6% at an annual rate, I'll take it. Greed is good, but, you can't get too greedy....Kid