OK, a new intra-day high today, $114 & change. Up a buck, down a bit less than a buck, up a buck and down a bit less .... keep this up and there will still be price appreciation in UTX. I'm OK with slower growth this year, as compared to last, as long as we are still seeing the growth.
Kid, tough to tell how today will fare. It is a short day with likely little trade interest, but would be nice to see it hit a spike. Of course that makes the open on Thursday likely to be an Open DOWN day.
Happy New Year to all, no matter wha tthe market does!
Excerpt from an article about Lockheed and United (Pratt). Pratt has always been the flagship of UTC. When it is doing well (or bad), it has significant ramifications on UTC's earnings. This is goodness.
The growing order for Lockheed's fighter jets will, however, also generate opportunities for United Technologies (UTX). The company, with its Pratt & Whitney segment, supplies engines for the F-22 and F-35 jets. It has signed a contract worth $1.1 billion with the Pentagon in the fourth quarter of 2013. Under this contract United will manufacture 38 engines for F-35 jets. The higher demand for building F-22 and F-35 fighter jets is expected to generate significant revenue for United.
Apart from these opportunities, United also signed a $231.5 million contract with the U.S. DoD for its F119-PW-100 engines. These F119-PW-100 engines power the F-22 Raptor stealth fighter jet. Under this contract, United Technologies will provide maintenance and repair for F119 jet engines. The contract is expected to be completed by Dec. 31, 2014. Along with its individual orders, United should benefit equally with Lockheed's growing orders for fighter jets and realize growth opportunity as well.