|Bid||151.20 x 1300|
|Ask||151.60 x 800|
|Day's Range||148.72 - 151.61|
|52 Week Range||121.48 - 158.44|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||23.64|
|Earnings Date||Apr 20, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||2.94 (1.96%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||170.81|
United Technologies Corp. (NYSE: UTX) ("UTC") announced today that its wholly-owned subsidiary, Otis Worldwide Corporation ("Otis"), priced an offering of 144A notes with registration rights of $1.3 billion of 2.056% notes due 2025 (the "5-Year Notes"), $500 million of 2.293% notes due 2027 (the "7-Year Notes"), $1.5 billion of 2.565% notes due 2030 (the "10-Year Notes"), $750 million of 3.112% notes due 2040 (the "20-Year Notes"), $750 million of 3.362% notes due 2050 (the "30-Year Notes") and $500 million of floating rate notes due 2023 (the "Floating Rate Notes" and, together with the 5-Year Notes, the 7-Year Notes, the 10-Year Notes, the 20-Year Notes and the 30-Year Notes, the "Notes"). The Notes are expected to settle on February 27, 2020, subject to customary closing conditions.
The U.S. Air Force, Collins Aerospace Systems, a unit of United Technologies (NYSE: UTX), and Lockheed Martin Skunk Works® (NYSE: LMT) recently completed flight testing and deployment of the latest variant of the Collins Aerospace Senior Year Electro-Optical Reconnaissance System (SYERS) sensor, SYERS-2C, on the U-2. With this milestone, the entire U-2 fleet has been upgraded to the premier electro-optical/infrared sensor capability which provides increased optical performance and highly accurate long-range tracking for superior threat detection in a wider range of weather conditions.
Collins Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), announced today that it will open its doors to more than 2,300 female students across the globe in an effort to inspire the next generation of female engineers. With the help of over 1,000 employee volunteers, the company will be hosting 55 'Introduce a Girl to Engineering' events taking place on or around Feb. 20.
Hedge funds bought Amazon and Wright Medical Group in Q4, while they sold out of Microsoft and Zimmer Biomet, 13F filings with the SEC show.
United Technologies Corp. (NYSE: UTX) ("UTC") announced today that its wholly-owned subsidiary, Carrier Global Corporation ("Carrier"), priced an offering of 144A notes with registration rights of $500 million of 1.923% notes due 2023 (the "3-Year Notes"), $2 billion of 2.242% notes due 2025 (the "5-Year Notes"), $1.25 billion of 2.493% notes due 2027 (the "7-Year Notes"), $2 billion of 2.722% notes due 2030 (the "10-Year Notes"), $1.5 billion of 3.377% notes due 2040 (the "20-Year Notes") and $2 billion of 3.577% notes due 2050 (the "30-Year Notes" and, together with the 3-Year Notes, the 5-Year Notes, the 7-Year Notes, the 10-Year Notes and the 20-Year Notes, the "Notes"). The Notes are expected to settle on February 27, 2020, subject to customary closing conditions.
The Securities and Exchange Commission has sent a subpoena to Raytheon Co. as part of an investigation into “improper payments.”
United Technologies Corp. (NYSE: UTX) ("UTC") today announced that it has commenced cash tender offers (the "Offers") for (1) any and all of its outstanding 4.500% Notes due 2020, 1.900% Notes due 2020, 3.350% Notes due 2021, 1.950% Notes due 2021, 2.300% Notes due 2022, 3.100% Notes due 2022 and 2.800% Notes due 2024 (the "Any and All Notes") and (2) up to a total aggregate principal amount of $2.0 billion of its outstanding 2.650% Notes due 2026 and 3.650% Notes due 2023 (the "Partial Offer Notes" and, together with the Any and All Notes, the "Notes").
Competition is cranking up in the world of turboprops. For years turboprops were an ignored corner of the aircraft industry, accounting for about 120 aircraft a year compared with the more than 1,000 jets made by giants Airbus and Boeing. While intercontinental jet travel is vulnerable to trade wars and disruptions such as epidemics, regional development in archipelago nations like Indonesia is favouring the turboprop.
An AirBaltic A220 flight diverted to France on Wednesday because of an engine issue is the fourth reported case involving the Pratt & Whitney engine powering the Airbus jet, the U.S. National Transportation Safety Board (NTSB) said. The A220-300 flight, traveling from Riga, Latvia, to Malaga, Spain, was diverted to Bordeaux because of a technical failure in the left engine, France's Bureau d'Enquêtes et 'Analyses (BEA) said on Twitter. Airbus SE and United Technologies Corp, maker of the Pratt PW1500G engines, confirmed in statements that they were aware of the flight and working "to provide assistance" as required.
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.
Moody's Investors Service ("Moody's") placed its senior unsecured rating of United Technologies Corporation ("UTX" or the "company") on review for upgrade. "Meshing United Technologies' heavy commercial focus and Raytheon's defense focus will position the combined company to benefit from expected ongoing favorable trends in defense spending and commercial aviation," continued Root.
Collins Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), today announced it has signed a five-year tailored FlightSense agreement, valued at approximately $200M, to service air management and electric power components for Japan Airlines' (JAL) growing fleet of Boeing 787 aircraft. The agreement with JAL, which builds on a 14-year relationship between the two organizations, now includes a total of 51 aircraft through 2025.
Otis Worldwide Corporation (Otis) today announces ahead of its pre-spin investor and analyst meeting that it will be listed as "OTIS" on the New York Stock Exchange (NYSE) upon the completion of its separation from United Technologies Corp. (NYSE: UTX). The separation and listing is targeted to occur early in the second quarter of 2020.
Singapore kicked off Asia's largest aerospace event under heightened scrutiny on Tuesday as thousands of visitors shunned the Singapore Airshow over coronavirus fears, while all eyes were on a sensitive fly-off between U.S. and Chinese fighters. The United States brings F-35B to Singapore a month after it approved sale of 12 jets to the city-state.
Collins Aerospace Systems, a unit of United Technologies Corp., (NYSE: UTX), is taking a bold step forward in digitally transforming MRO operations with the opening of its Singapore Innovation Hub, a new 10,000 square foot facility unveiled today at 39 Changi N Crescent, Singapore 499638.
A major aerospace supplier for defense contractors and commercial airlines is closing a local facility and moving to a larger one in North Texas. The new Collins Aerospace Systems facility at 4630 N. Beach Street in Haltom City will encompass 110,000 square feet, which is 30 percent larger than its old one in Fort Worth. The company will add 40 new North Texas jobs as part of the move to the larger facility.
Collins Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), today announced plans to open a new Landing Systems facility in Fort Worth, Texas, and to expand its carbon brake manufacturing facility in Spokane, Washington. An expansion of the company's carbon brake manufacturing facility in Pueblo, Colorado, is already underway.
Carrier, a leading provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies, will present its growth strategy and provide its 2020 outlook today at its first Investor and Analyst Meeting in New York. The meeting is scheduled for 9 a.m. ET and will be webcast live on www.utc.com. Carrier President & CEO David Gitlin and his senior leadership team will provide more details on the future public company's priorities and investment thesis. Carrier is expected to separate from United Technologies (NYSE: UTX) early in the second quarter of 2020. Carrier common stock will trade under the ticker symbol "CARR" when it begins regular-way trading on the New York Stock Exchange.
Rating Action: Moody's rates Otis Worldwide's senior unsecured notes Baa2; outlook stable. Global Credit Research- 07 Feb 2020. $5.3 billion of notes rated.
Moody's Investors Service ("Moody's") assigned Baa3 ratings to Carrier Global Corporation's ("Carrier") proposed $9.2 billion issuance of senior unsecured notes. Proceeds from the rated notes, along with at least $1.5 billion drawn on a planned $1.75 billion senior unsecured term loan, will be used to fund a distribution paid to United Technologies Corporation ("UTC"), Carrier's current parent, on the spinoff of Carrier from UTC, which is expected to close Q2 2020. "Carrier's long-standing market leadership will serve the company well as it transitions to an independent public company," said David Berge, Moody's Senior Vice President.
German aircraft engine maker MTU Aero Engines expects Boeing to offer two jet engines for the successor model to its 737 plane, its chief executive told a weekly paper, adding this could double MTU's market share in the segment. Airbus offers engines from two manufacturers for its A320neo aircraft: CFM International LEAP, a 50-50 joint venture between GE and France's Safran; and United Technologies' Pratt & Whitney, which is being supplied by MTU Aero Engines.
Collins, which employs 1,500 in Winston-Salem, names Stephen Timm president as CEO Kelly Ortberg moves into job with parent company United Technology Corp. UTC is in the process of merging with Raytheon.
United Technologies Corp. (NYSE: UTX) today announced that Kelly Ortberg has been named special advisor to the Office of the CEO to help support the office as it prepares to lead the future Raytheon Technologies. Ortberg, who has been serving as CEO of Collins Aerospace Systems since its formation in 2018, will be succeeded by Stephen Timm, who has been serving as president of the company's Avionics business unit. The appointments are effective immediately. United Technologies and Raytheon expect the merger to be completed early in the second quarter of 2020.