- EPS of $1.32 on sales of $14.75 billion
- Organic sales growth of 5%
- Increases lower end of 2014 EPS range, now expects EPS of $6.65 to $6.85
HARTFORD, Conn. – United Technologies Corp. (NYSE:UTX) reported first quarter earnings per share of $1.32 and net income attributable to common shareowners of $1.2 billion, down 5 percent and 4 percent respectively, over the year ago quarter. Results for the current quarter include $0.09 per share of restructuring costs. Earnings per share in the year ago quarter included $0.11 of favorable one-time items net of restructuring costs. Excluding these items in both quarters, earnings per share increased 10 percent year over year.
22 April 2014
UTC Aerospace Systems and AVIC Electromechanical Company Limited (AVIC EM) today announced the opening of their joint venture facility: Xi’an AVIC Hamilton Sundstrand Aviation Electric Co., Ltd. (AUAE) located within the Xi’an Hi-tech Industries Development Zone. The joint venture was formed to develop and manufacture the electric power system for the new C919 jetliner, built by Commercial Aviation Corporation of China (COMAC). UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE: UTX) and AVIC EM is a subsidiary of Aviation Industry Corporation of China (AVIC).
15 April 2014
Florida-based Spirit Airlines has chosen UTC Aerospace Systems’ Aerostructures business to provide maintenance for the nozzles for the Airbus A320-family aircraft in its fleet that are powered by V2500 engines. The work will be performed at UTC Aerospace Systems’ Alabama Service Center located in Foley, Ala. UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE: UTX).
8 April 2014
UTC Aerospace Systems’ Aerostructures business has signed an agreement with JetBlue Airways to provide nacelle maintenance for the airline’s fleet of 130 Airbus A320 aircraft powered by V2500-A5 engines, as well as its 60 Embraer E190 aircraft powered by CF34-10 engines. Under the five-year agreement, UTC Aerospace Systems will be the exclusive provider of maintenance for the thrust reversers and common nozzle assemblies for JetBlue’s A320 fleet, as well as the inlets, fan cowls, thrust reversers and common nozzle assemblies for the E190 aircraft. The maintenance work will be performed at the Aerostructures’ Alabama Service Center in Foley, Ala. UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE: UTX).
8 April 2014
The V2500 engine program reached a new operational milestone when two first-run V2527-A5 engines powering TAM’s A320ceo aircraft remained on wing without a shop visit for nearly 20,000 cycles and 30,000 flight hours. The engines – V12339 and V12341, rated at 27,000 pounds of thrust, are estimated to have each flown in excess of 9.5 million miles since installation. TAM Linhas Aereas took delivery of the engines in July 2006 and operated them for 7.5 years with no removals. The engines contain original OEM parts.
8 April 2014
Lufthansa has selected Pratt & Whitney PurePower PW1100G-JM engines for an additional 30 A320neo family aircraft. This order will bring the total number of PW1100G-JM engine-powered aircraft in Lufthansa’s fleet to 60. Deliveries are scheduled to start in 2019 and continue through 2021. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).
7 April 2014