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united technologies corp (UTX) Key Developments

United Technologies Corp. Wins $1.28 Billion Contract from the Air Force

United Technologies Corp.'s Sikorsky division won a $1.28 billion contract from the Air Force for a new generation of combat rescue helicopters, though the impact for the company's Coatesville plant is unclear. The rescue helicopter contract begins with Sikorsky's developing an updated version of the Black Hawk helicopter to replace the aging and existing fleet, but the deal could eventually amount to 112 aircraft. However, like most Pentagon contracts, money will have to be authorized year to year.

United Technologies Corp. Executes a License Agreement with Porsche Consulting

United Technologies Corp. has executed a license agreement with Porsche Consulting for use of the UTC-created Achieving Competitive Excellence (ACE) trademark and operating system. The agreement will allow Porsche Consulting to implement ACE principles solely with UTC suppliers. The ACE Operating System is a core element of UTC's operations and business performance. It has driven significant results within the company's own operations for nearly two decades. ACE has three elements: culture, tools and competency. Successful application of ACE principles can drive measurable improvements in quality, on-time delivery, employee safety, financial returns and customer satisfaction. The license agreement covers use of UTC's ACE Operating System, training tools, and UTC's ACE trademark solely with UTC suppliers.

United Technologies Corp. Declares Dividend, Payable on September 10, 2014

United Technologies Corp.'s Board of Directors declared, effective July 7, 2014, a dividend of 59 cents per common share payable September 10, 2014 to shareowners of record at the close of business August 15, 2014. The ex-dividend date is August 13., 2014.

United Technologies Corp., Pratt & Whitney Military Engines Wins Military $113.38 Million Federal Contract

United Technologies Corp., Pratt & Whitney Military Engines, East Hartford, Connecticut, was awarded a $113,379,349 federal contract modification by the U.S. Naval Air Systems Command, Patuxent River, Maryland, for operations and maintenance support services U.S. Air Force, U.S. Navy, U.S. Marine Corps and international partners. Place of performance will be in East Hartford, Connecticut; Indianapolis, Indiana; and Bristol, United Kingdom.

United Technologies Corp. Provides CapEx Guidance for the Year 2014

United Technologies Corp. provided CapEx guidance for the year 2014. The company going to spend about $2 billion on CapEx this year.

 

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