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   Technology StocksUnited Technologies (UTX)

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To: Nazbuster who wrote (11)1/12/2002 8:33:06 PM
From: Nazbuster
   of 25
Thanks for the summary...

I understand that UTX and HON will also benefit greatly from the LMT award as secondary contractors.

From a TA standpoint, the uptrend has been in an amazingly tight channel, only broken for the first time on Friday. We may be in for a pullback. I'm wondering whether to "listen" to the charts or hang in for the long term.....

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From: JakeStraw7/28/2005 8:38:05 AM
   of 25
Is United Technologies Underappreciated?
Motley Fool
Wednesday July 20, 1:09 pm ET
By Stephen D. Simpson, CFA

Despite a stable of well-known brands, it seems to me that United Technologies (NYSE: UTX) hasn't always gotten its due in the market. Whether that's because many of this conglomerate's businesses are cyclical, because the company doesn't have a flashy CEO, or because the company doesn't really sell to retail consumers, I really don't know. But what I do know is that the company is doing all right these days.

Second-quarter results were solid, if a bit confusing. Revenue rose 16% as reported, with 6% of that revenue labeled as "organic" and 8% coming from acquisitions. Earnings are where that "a bit confusing" part comes in to play. Various benefits, restructurings, and other items take a bit of work to disentangle. But when it's all said and done, adjusted earnings grew by about 16% for the quarter.

Of the individual operating units, all but one posted double-digit operating profit growth. That one was the Carrier unit, where a sluggish residential HVAC market hurt results. So although there was strength in the truck/trailer business, overall operating profits at Carrier slipped by 2%.

The standout grower for the quarter was the company's relatively new fire and security business. Reported revenue climbed 64%, while operating profit rose 69%. Just looking at the numbers, it appears that United Technology has some opportunity to improve margins here and continue to drive good profit growth.

Other United Technologies businesses, including Otis, Pratt, Sikorsky, and Hamilton, all did relatively well for the period, with the first three posting 16% growth in operating profits.

Although I wouldn't describe free cash flow growth as torrid, the company is still growing its free cash flow, and it's doing so while it makes good-sized voluntary pension contributions. This allowed the company to spend $260 million on buybacks in the second quarter, and more repurchases seem likely.

I realize that companies such as General Electric (NYSE: GE), 3M (NYSE: MMM), Tyco (NYSE: TYC), and Honeywell (NYSE: HON) aren't one-to-one comparables with United Technologies, but there are shared similarities. And at least in terms of P/E multiples, United Technologies appears to be a bit of a laggard comparatively.

I'm not generally attracted to these giants of the investment playground, but I do think United Technologies might be worth a look. As commercial construction and aviation recover, the company should be poised for some solid growth.

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From: JakeStraw8/12/2005 11:08:54 AM
   of 25
United Tech. upgraded on valuation, earns outlook
By Tomi Kilgore

NEW YORK (MarketWatch) -- United Technologies (UTX) was upgraded to buy from neutral at Banc of America citing attractive valuation and potential upside to earnings expectations. Analyst Don MacDougall also raised his 12-month stock price target to $60 from $55 and his 2005 earnings estimate to $3.10 a share from $3.03. MacDougall said aerospace fundamentals remain strong, and while the company's Carrier business posted disappointing quarterly results, he expects results for the second half of the year to be strong.

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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
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
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
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
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

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From: JakeStraw4/19/2006 1:42:20 PM
   of 25

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From: JakeStraw3/9/2010 7:59:46 AM
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United Technologies: Best in Class

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