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   Technology StocksUnited Technologies (UTX)


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From: JakeStraw4/6/2006 8:20:59 AM
   of 25
 
Sikorsky Awarded $3.0B Development Contract For Marine Corps CH-53K Heavy-Lift Helicopter
biz.yahoo.com
Wednesday April 5, 6:00 pm ET

STRATFORD, Conn., April 5 /PRNewswire-FirstCall/ -- Sikorsky Aircraft announced today that it was awarded a $3.0 billion System Development and Demonstration (SDD) contract for the United States Marine Corps CH-53K heavy-lift helicopter. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE: UTX).

Under the terms of the SDD contract, Sikorsky will oversee aircraft development, systems integration, test article production and test and evaluation activities on a sole source basis. The SDD contract could lead to the production of 156 CH-53K aircraft to replace roughly an equal number of CH-53E SUPER STALLIONs(TM) in the Marine Corps' current inventory. Development money and production quantities are determined year-by-year over the life of the program based on funding allocations set by Congress and Pentagon acquisition priorities.

SDD engineering and program administration activity will be centered at Sikorsky's Stratford facility and begin immediately.

"For more than two decades the Sikorsky CH-53E SUPER STALLION has been the most capable marinized heavy-lift helicopter in the world. The new CH-53K promises a marked improvement in payload, range, and 'hot-high' capabilities and it will be the only aircraft equipped the meet the Marine Corps' unique and demanding requirements. We thank the Marine Corps for showing confidence in Sikorsky to develop and build a new aircraft that is vital to the nation and our armed forces," Sikorsky President Jeffrey Pino said.

The three-engine Sikorsky CH-53E SUPER STALLION is the largest, most powerful marinized helicopter in the world. It is deployed from Marine Corps amphibious assault ships to transport personnel and equipment, and to carry external (sling) loads.

Sikorsky is currently conducting competitions to select suppliers for the CH-53K major sub-systems, including the avionics management system and the engine. Sub-system supplier selection is scheduled to finish later in 2006.

The CH-53K will maintain virtually the same footprint as the CH-53E, but will nearly double the payload to 27,000 pounds over 110 nautical miles under "hot high" ambient conditions. The CH-53K's maximum gross weight will increase to 84,700 pounds versus 73,000 pounds for the CH-53E.

The upgrades slated for the CH-53K include: joint interoperable glass cockpit fly-by-wire flight controls; high-efficiency rotor blade with anhedral tip; low-maintenance elastomeric rotorhead; gross weight expansion; upgraded engine system; cargo rail locking system; external cargo handling improvements and survivability enhancements; and reduced operation and support costs.

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From: JakeStraw4/11/2006 9:09:48 AM
   of 25
 
Otis Wins China's Top Science and Technology Award
biz.yahoo.com
Tuesday April 11, 7:00 am ET

FARMINGTON, Conn., April 11 /PRNewswire-FirstCall/ -- The Chinese government has recognized Otis Elevator Company's Gen2® flat-belt machine-roomless elevator as one of the "Top 10 Architectural and Technology Achievements" in China last year. Otis, a unit of United Technologies Corp. (NYSE: UTX), is the first elevator company to receive this award, considered to be the most prestigious in China's construction industry.

According to one government official and member of the award committee, the Gen2 elevator's space-saving, energy-efficient and environment-friendly design, as featured in the Nanjing Olympic Sports and Guangzhou International Convention and Exhibition centers, "perfectly incorporates the country's strategy of sustainable development."

"We are honored to be the first elevator company to earn this distinction from the Chinese government," said Ari Bousbib, Otis president. "This award reflects Otis' commitment to 'green' buildings and our strong support for China's sustainable development policy."

This is the second national award for the Gen2 elevator. In 2005, the China Environmental Protection Foundation gave Otis the Green Product Award for the Gen2 elevator's environment-friendly technology.

Otis' patented Gen2 flat-belt drive system and gearless machine do not require any form of lubrication, eliminating the need for storage, cleanup and disposal of hazardous waste. The Gen2 system is also 50 to 75 percent more energy efficient than conventional elevators because its low-inertia, permanent magnet gearless machine with variable frequency control eliminates energy loss that occurs in more traditional geared systems. In addition, the machine-roomless design saves valuable building space.

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From: JakeStraw4/12/2006 2:26:20 PM
   of 25
 
United Technologies Raises Dividend
biz.yahoo.com
Wednesday April 12, 2:12 pm ET

United Technologies Corp. Ups Quarterly Dividend 20 Percent to 26.5 Cents Per Share

HARTFORD, Conn. (AP) -- United Technologies Corp., a maker of air conditioners, elevators, helicopters and other industrial products, on Wednesday said it is increasing its quarterly dividend 20 percent to 26.5 cents.

The dividend is payable June 10 to shareholders of record May 19.

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From: JakeStraw4/18/2006 8:08:44 AM
   of 25
 
Otis Wins Major Madrid Metro Contract
biz.yahoo.com
Tuesday April 18, 7:00 am ET

FARMINGTON, Conn., April 18 /PRNewswire-FirstCall/ -- Otis Elevator Company, a unit of United Technologies Corp. (NYSE: UTX), will supply and install 85 elevators and escalators for an extension of Madrid's underground metro. Otis currently maintains 100 units for the Metro de Madrid and will service the new units upon their completion.

"Otis is pleased to once again provide reliable, safe and efficient transportation for one of the largest and fastest growing metro systems in the world," said Ari Bousbib, Otis president. "We look forward to working with the government of Madrid on this important project in Spain's capital city." Otis will provide 23 Gen2® elevators and 62 escalators for seven new stations comprising the south extension of the metro's Line 3. The project is scheduled for completion in 2007.

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From: JakeStraw4/19/2006 8:00:33 AM
   of 25
 
United Tech Surpasses Forecast
thestreet.com

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From: JakeStraw4/19/2006 1:42:20 PM
   of 25
 
UTXcellent
biz.yahoo.com

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From: JakeStraw3/9/2010 7:59:46 AM
   of 25
 
United Technologies: Best in Class
thestreet.com

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From: JakeStraw10/4/2010 8:53:39 AM
   of 25
 
The Quiet Giant

United Technologies has a lower profile than some other industrial titans, but its prospects look decidedly bright
online.barrons.com

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To: JakeStraw who wrote (23)12/23/2012 4:44:51 PM
From: LT-Optimist
   of 25
 
New to this message board.
Any updates on UTX would be much appreciated.

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From: JakeStraw6/10/2019 8:32:17 AM
   of 25
 
Raytheon and United Technologies agree to all-stock merger that would create aerospace behemoth
cnbc.com
The combination would bring United Technologies’ aerospace business together with defense contractor Raytheon.

The deal is expected to close in the first half of 2020.

With combined annual sales of around $74 billion the new company would be the second-largest defense-and-aerospace company in the U.S. after Boeing.

“The combination of United Technologies and Raytheon will define the future of aerospace and defense,” United Technologies chairman and CEO Greg Hayes said in a release. “By joining forces, we will have unsurpassed technology and expanded R&D capabilities that will allow us to invest through business cycles and address our customers’ highest priorities.”

United Technologies has reaped the benefits from searing global aircraft demand and has been beefing up its commercial aerospace business, which includes jet engine maker Pratt and Whitney. In November 2018, it closed its acquisition of Rockwell Collins.

The two companies have little overlap and may not face strong regulatory push-back to their deal, said Richard Aboulafia, aerospace analyst at Teal Group.

The new company would be headquartered in the Boston area, the two firms said in the release. Raytheon is based in Waltham, Mass., a Boston suburb.

If completed, shareholders in Farmington, Conn.-based United Technologies would own 57% of the new company while Raytheon’s would own 43% on a diluted basis.

The deal, which the two companies called a “merger of equals,” is expected to close in the first half of 2020, they said.

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