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United Technologies Corp

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  • The aircraft ordered by China are current-generation A330s, which are available with a choice of engines from three manufacturers: General Electric, United Technologies' Pratt& Whitney unit and Britain's Rolls-Royce. Rolls-Royce is currently the market leader with its Trent 700 engine, but the Chinese order presents one of the largest available...

  • Rolls-Royce is currently the market leader with its Trent 700 engine, but the Chinese order presents one of the largest available opportunities for rivals, notably GE, to jump in before Airbus switches to an exclusively Rolls-powered version of the A330, with a new engine, from late 2017.. Shares in Airbus rose as much as 5 percent on the aircraft order, which eased...

  • PARIS, June 19- Top U.S. and European helicopter executives said this week that the oil price-led commercial helicopter market slump would be temporary and that they will keep investing in new technologies given the sector's positive long-term outlook. The optimism about a recovery was reflected in comments by the head of Textron Inc, who said the company was...

  • PARIS, June 17- American weapons makers this week welcomed a push by U.S. government agencies to better coordinate on arms sales policies, but say most deals still take far too long to process, frustrating potential customers. The United States sent about 400 people to the biennial arms and aerospace bazaar, including Air Force Secretary Deborah James and NASA...

  • PARIS, June 17- American weapons makers have welcomed a push by U.S. government agencies to better coordinate on arms sales policies, but say most deals still take far too long to process, frustrating potential customers. The United States sent about 400 people to the biennial arms and aerospace bazaar, including Air Force Secretary Deborah James and NASA...

  • Airbus Helicopters Chief Executive Guillaume Faury said at the Paris air show on Tuesday he was "keeping an eye" on the potential sale of Sikorsky by parent United Technologies. Asked whether Airbus Group had the appetite for such a transaction, Wilhelm said: "I think you can see quite powerfully here at the show what Airbus Helicopters is doing in terms of...

  • PARIS, June 17- Sikorsky Aircraft has assured the U.S. Marine Corps that a change in its ownership will not derail its work on the CH-53K, a new heavy-lift helicopter the company is building for the Marines, the top Marine in charge of aviation told Reuters. United Technologies Corp this week announced it was getting out of the helicopter business and would...

  • PARIS, June 16- Airbus Helicopters will start a two-year development phase for a new model aimed at improving fuel-efficiency and comfort for civilian customers in markets such as search and rescue and the energy sector, it said at the Paris air show on Tuesday. Reuters previously reported Airbus Helicopters planned to launch development of the X6, a...

  • *United Tech falls as it looks to exit helicopter business. June 15- Stocks fell on Wall Street on Monday as investors fretted over the consequences of a possible debt default by Greece, but talk of multi-billion dollar healthcare deals buoyed shares in the sector, cutting into the market's loss. After Sunday's breakdown of the cash-for-reform talks between...

  • Traders on the floor of the New York Stock Exchange.

    U.S. stocks closed lower as investors remained anxious over stalled Greece debt talks and the upcoming two-day Federal Reserve meeting.

  • US STOCKS-U.S. stocks lower amid Greek debt worries Monday, 15 Jun 2015 | 12:59 PM ET

    *Cigna touches record high after Anthem takeover offer report. Talks between Greece and its creditors broke up after less than an hour on Sunday, raising the prospect of Athens being unable to repay $1.8 billion owed to the International Monetary Fund by the end of this month. "The market has had a long time to prepare for and has done what it can with what it sees on...

  • US STOCKS-U.S. stocks sell off as Greek worries mount Monday, 15 Jun 2015 | 11:35 AM ET

    *Dealertrack soars on $4 bln deal. June 15- Wall Street was lower in late morning trading on Monday, with the Dow Jones Industrial Average in negative territory for the year, as Greece came closer to a debt default after talks with its international creditors fell apart. Talks between Greece and its creditors broke up after less than an hour on Sunday, raising the...

  • June 15- Wall Street was set to open weaker on Monday, for the second straight session as late-minute talks between Greece and its creditors collapsed. Talks between Greece and its creditors broke up after less than an hour, raising prospects of Athens being unable to repay $1.8 billion dollars owed to the International Monetary Fund by the end of this month.

  • Early movers: CVS, MU, LOW, BABA, TWTR & more Monday, 15 Jun 2015 | 8:03 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • June 15- U.S. stock index futures were lower on Monday, tracking world markets, after talks on ending a deadlock between Greece and its international creditors failed on Sunday. *Talks between Greece and its creditors broke up after less than an hour, raising prospects of Athens being unable to repay $1.8 billion dollars owed to the International Monetary Fund by...

  • PARIS, June 15- United Technologies Corp announced on Monday that it would separate from its Sikorsky Aircraft business and said it would decide by the end of the third quarter whether to spin off or sell the $8 billion unit. United Technologies said the decision came after a review of strategic alternatives announced earlier this year and was subject to final...

  • PARIS, June 14- Eileen Drake, the new chief executive of Aerojet Rocketdyne Holdings Inc, on Sunday vowed to keep a "huge focus" on cutting overhead costs in coming years, including a 10- percent workforce reduction and possible facility closings. Drake, a former Army helicopter pilot and executive with Pratt& Whitney, a unit of United Technologies Corp, joined...

  • PARIS, June 14- Engine maker Pratt& Whitney expects to win orders for more than 500 of its geared turbofan engines at the Paris Airshow, an executive said on Sunday. Pratt& Whitney, a unit of United Technologies Corp, has an order book for more than 6,400 of the engines and is planning to get to 7,000 by the end of June 15-21 show, Greg Gernhardt, president of commercial...

  • PARIS, June 14- Engine maker Pratt& Whitney said on Sunday it was "very comfortable" with progress on the F135 engine it builds for the Lockheed Martin Corp F-35 fighter jet, and expected to drive costs down further in the next two batches of engines. Mark Buongiorno, who heads Pratt's work on the F135 engine, said the company had submitted proposals for ninth and 10th...

  • WASHINGTON, June 2- Sikorsky Aircraft, a unit of United Technologies Corp, on Tuesday said it would cut 1,400 jobs and consolidate facilities, with lower oil prices sharply reducing demand for helicopters in the oil and gas sectors, and international military orders down. "Today's announcement is based on the current challenging market conditions and is...