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Keyword: unitedtechnologies

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  • CNN’s Camerota Suggests Trump Used ‘Threat’ to Get Carrier Deal

    12/02/2016 10:21:00 AM PST · by governsleastgovernsbest · 50 replies
    Legal Insurrection ^ | Mark Finkelstein
    Nice little company you got there. Wouldn’t want to see nuthin’ happen to it . . . CNN’s Alisyn Camerota suggested this morning that Donald Trump used a “threat” against United Technologies to get its Carrier subsidiary to agree to keep manufacturing jobs in Indiana. Even the Indianapolis Star reporter who had criticized the deal as being “an extremely expensive campaign promise” took issue with Camerota’s suggestion of a “threat.” CNN: the network that would depict President-elect Trump as using mob-boss tactics. View the video here.
  • Lockheed Martin to acquire United Technologies’ Sikorsky Aircraft Unit

    07/19/2015 7:44:35 PM PDT · by BenLurkin · 14 replies ^ | Sunday, Jul. 19, 2015 5:01PM EDT | ANDREA SHALAL and LEWIS KRAUSKOPF
    It will be Lockheed’s largest acquisition since it bought Martin Marietta Corp. for about $10-billion two decades ago, and the first major strategic move for both United Tech chief executive officer Greg Hayes, who was elevated to CEO from finance chief in November, and Lockheed CEO Marillyn Hewson, who has been in that position since January, 2013. Officials at United Technologies and Lockheed declined comment. Textron Inc. had submitted a bid for Sikorsky, but dropped out of the bidding after the price rose, according to several sources familiar with the matter. Pentagon officials last week said they would carefully evaluate...
  • United Technologies announces exit from helicopter business (Sikorsky)

    06/15/2015 12:50:29 AM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jun 15, 2015 3:27 AM EDT
    United Technologies Corp. has announced it will separate its Connecticut-based Sikorksy Aircraft business as it exits the helicopter business. The Hartford conglomerate says it will focus on high-technology systems and services to the aerospace and building industries. It says a decision on selling or spinning off Sikorsky will be made by the end of the third quarter. …
  • UTX may furlough 5K workers due to gov’t shutdown

    10/02/2013 4:54:54 PM PDT · by Olog-hai · 1 replies
    Associated Press ^ | Oct 2, 2013 7:29 PM EDT
    United Technologies Corp. says it may furlough more than 5,000 workers if the U.S. government shutdown continues into next month. The company said Wednesday that its Sikorsky division, which makes Black Hawk helicopters, would be hit first. … The Hartford, Conn.-based manufacturer said it would halt some defense manufacturing because government inspectors themselves have been furloughed. That leaves it without the necessary federal approvals to make military products. …
  • Connecticut's fuel cell industry braces for potential change

    07/02/2012 3:30:25 PM PDT · by matt04 · 5 replies
    Before the clean energy world knew about fuel cells, United Technologies knew about them. UTC pioneered the modern fuel cell for NASA beginning with the Apollo space program in the 1960s through the end of the shuttle program last year. But UTC's love affair with fuel cells could be about to end. In the last several weeks UTC's CEO and CFO have made statements indicating that the sale of its storied fuel cell unit, UTC Power, is under consideration to raise capital for its purchase of Goodrich. While UTC has declined to comment further on the subject, the situation has...
  • Will Lockheed's Rival Crash and Burn?

    07/07/2011 11:11:41 AM PDT · by sukhoi-30mki · 4 replies
    The Motley Fool ^ | 07/07/2011 | Rich Smith
    Will Lockheed's Rival Crash and Burn? By Rich Smith Investors know the saying: "Bulls make money, bears make money, but pigs get slaughtered." If you stumble onto a "good thing," don't get greedy -- take a fair profit. France's Dassault would be wise to heed that lesson. Yesterday, reported that Dassault has run into trouble in negotiations to sell the United Arab Emirates a fleet of Rafale fighter jets. The UAE wanted to purchase several dozen of the jets to replace its 63 French Mirage fighters. But a deal that was supposed to cost somewhere between $2.5 billion and...
  • Woman Tied to 9/11, Fannie Mae on Obama's FBI Shortlist!

    03/23/2011 2:50:41 PM PDT · by fightinJAG · 84 replies
    FOX ^ | March 23, 2011 | Chris Neefus
    The Obama administration reportedly is considering former Clinton administration official Jamie Gorelick, among others, to become the next director of the Federal Bureau of Investigation (FBI). The Wall Street Journal’s Evan Perez first reported the news last week, citing “U.S. officials” familiar with the situation. Gorelick served as vice chairman of the Federal National Mortgage Association (Fannie Mae) when the government-sponsored enterprise began bundling subprime loans into securitized financial instruments. Prior to that, she served as deputy attorney general in the Clinton Justice Department under then-Attorney General Janet Reno from 1994 to 1997. ... But Gorelick is perhaps best known...
  • Alexander Haig Dead At 85 – Personal Memory

    02/20/2010 10:35:04 AM PST · by Biggirl · 6 replies · 472+ views ^ | February 19, 2010 | Jim Vicevich
    Personal reflection from mid-morning local talkradio show host and friend, Jim Vicevich. A West Point grad, Secretary of State, Chief of White House staff and former President of United Technologies, General Alexander has died at age 85 reportedly from a blood infection but I wanted to make mention of my personal contacts with General Haig when I was a reporter with WFSB-TV. You will get the chance to read his bio in this post below, and here at Steve’s post,
  • CEO's wife says $43 million isn't enough in divorce

    03/19/2009 6:11:19 PM PDT · by TigerLikesRooster · 20 replies · 1,006+ views
    AP via Herald Net ^ | March 19, 2009
    CEO's wife says $43 million isn't enough in divorce Associated Press Former United Technologies Corp. chief executive George David and his wife are doing battle in Hartford, Conn., in a divorce trial that shines light on the couple's extravagant lifestyle.
  • United Tech Offers $2.63B for Diebold

    03/02/2008 8:17:30 PM PST · by BenLurkin · 10 replies · 116+ views
    AP ^ | Sunday March 2, 9:28 pm ET | Stephen Singer
    HARTFORD, Conn. (AP) -- United Technologies Corp., continuing to broaden its security business and expand its presence in China, said Sunday it has made an offer to buy Diebold Inc. for $2.63 billion. United Technologies, parent company of jet engine-maker Pratt & Whitney, Otis elevator and Sikorsky Aircraft, said it made the unsolicited offer Friday after trying to negotiate a deal with Diebold for two years. Diebold, based in Canton, Ohio, makes ATMs, business security systems and voting machines. The $2.63 billion purchase price represents United Technologies' offer of $40 per outstanding share, about two-thirds higher than Diebold's closing stock...
  • Halvorsen drops Boeing (Norway)

    01/05/2006 5:06:34 AM PST · by Kurt_Hectic · 4 replies · 281+ views ^ | 05 Jan 2006, 13:47 | Aftenposten's Norwegian reporter Asle Skredderberget/English Web desk Jonathan Tisdall
    Finance Minister Kristin Halvorsen has dropped seven companies from the investments list of the State Pension Fund, severing ties between the Petroleum Fund and Boeing. From Jan. 1 the State Pension Fund was established as a superstructure including the massive state petroleum fund and the social security fund. This new fund is divided into two parts, foreign investments previously made via the Petroleum Fund, and domestic investments previously called the Social Security Fund. At an Oslo press conference on Thursday Halvorsen presented the list of companies that will be dropped by the State Pension Fund: BAE Systems Plc, Boeing Co.,...
  • WSJ: Alchemy in the Desert? Technology to Recover Water From Vehicle Exhaust Fumes

    10/04/2005 6:34:02 AM PDT · by OESY · 10 replies · 614+ views
    Wall Street Journal ^ | October 4, 2005 | J. LYNN LUNSFORD
    Keeping an army provisioned in the desert is a ballet of logistics, particularly when it comes to supplying two vital liquids: diesel fuel and water. Now, using technologies developed for the space program, the U.S. Army is conducting an experiment that could convert the exhaust pipes of military vehicles into water fountains. Later this month, United Technologies Corp.'s Hamilton Sundstrand unit will deliver two military Humvees to the Army for three months of testing at the Aberdeen Proving Ground outside Baltimore. Built into each vehicle's truck bed is a complex system that can recover water from engine exhaust, purifying as...
  • Boeing Sells Off Assets in Cost-Cutting Moves

    02/22/2005 9:20:22 PM PST · by anymouse · 10 replies · 751+ views
    Reuters ^ | Feb 22, 2005
    Boeing Co. on Tuesday agreed to sell off a key part of its commercial jet-building operations and a rocket engine unit in two separate deals worth about $2 billion. The deals come as Boeing tries to sell off manufacturing capacity and cut costs amid fierce competition from European rival Airbus, the world's top aircraft maker, in the commercial airline market. Boeing sold its commercial plane manufacturing operations in Kansas and Oklahoma to Canadian leveraged buyout firm Onex Corp. for $1.2 billion including $900 million in cash and the transfer of certain liabilities, such as employee pension costs. The sale to...