Search Results for: "United+Technologies"
Cobham Receives United Technologies Contract To Produce Helicopter Components
Relevance Score: 2.252 2010-02-23 21:54:07
Cobham (LSE: COB) has been awarded a contract worth up to US$25 million to produce advanced components and assemblies for the main rotor blades of the US Marine Corps' CH-53K Heavy Lift Replacement Helicopter. The company was selected by the projects prime-contractor, Sikorsky Aircraft Corp, a United Technologies Corp (NYSE:UTX) subsidiary. Cobham's Antenna Systems unit will produce all leading and trailing edge details and precisely locate and bond the details onto the main rotor blade spar. "This is an anchor program for our business with Sikorsky, and establishes Cobham's composites business as a supplier to three United Technologies Corporation subsidiaries", Cobham Antenna Systems VP, Fred Cahill stated. The work will initially be done at the company’s San Diego facility, then the project will transition to full-scale production at the company's new composite produce facility in Suffolk, Virginia. In addition to its communication and navigation systems, Cobham Antenna Systems also produces high performance composite products for the aerospace industry, including components for US and UK military aircraft, ships and vehicles.
Cobham receives United Technologies contract to manufacture helicopter components
Relevance Score: 2.147 2010-02-17 10:26:50
Cobham (LSE: COB) has been awarded a contract worth up to US$25 million to manufacture advanced components and assemblies for the main rotor blades of the US Marine Corps' CH-53K Heavy Lift Replacement Helicopter. The company was selected by the projects prime-contractor, Sikorsky Aircraft Corp, a United Technologies Corp (NYSE:UTX) subsidiary. Cobham's Antenna Systems unit will manufacture all leading and trailing edge details and precisely locate and bond the details onto the main rotor blade spar. "This is an anchor program for our business with Sikorsky, and establishes Cobham's composites business as a supplier to three United Technologies Corporation subsidiaries", Cobham Antenna Systems VP, Fred Cahill stated. The work will initially be done at the company’s San Diego facility, then the project will transition to full-scale production at the company's new composite manufacturing facility in Suffolk, Virginia. In addition to its communication and navigation systems, Cobham Antenna Systems also produces high performance composite products for the aerospace industry, including components for US and UK military aircraft, ships and vehicles.
Russia commits to deliver S-300 system to Iran
Relevance Score: 1.740 2010-02-15 13:56:16
The Kremlin's powerful Security Council says Moscow sees no reason to delay the sale of its S-300 anti-aircraft systems to Tehran. The possible sale of Russian air defense hardware to the Islamic Republic is a major irritant for Israel and its close ally the United States. Both have pressed Moscow not to go ahead with a deal that may help protect Iran's nuclear facilities from threats. Despite Iran's full cooperation with the UN nuclear watchdog and the transparency of its nuclear program, the United States and its allies accuse the Islamic Republic of covertly seeking to produce nuclear weapons. However, Iran denies the claims and insists its nuclear activities are only conducted for civilian applications of the technology and generating electricity in order to meet its soaring energy demands.
United Technologies 1Q Profit Increased By Cost Cuts
Relevance Score: 1.693 2010-04-29 15:16:07
United Technologies Corp. informed its first quarter profit jumped 20 percent, the first increase in a year as the industrial conglomerate cited its efforts to cut costs and boost productivity. Its shares climbed to a 52-week high. The parent company of jet engine manufacturer Pratt & Whitney, Otis elevators and Sikorsky Aircraft raised the lower end of its 2010 profit guidance to $4.50 per share from $4.40 per share. "Continued focus on cost reduction and productivity, as well as savings from restructuring actions, led to margin expansion across each of our businesses," CEO Louis Chenevert informed in a statement. United Technologies is also benefiting from rising orders, particularly in emerging markets, he said. As a result, Chenevert said he expects business growth will resume in the second half of the year. Its shares rose $1.40, or 1.9 percent, to $75.60 in morning trading after rising to their highest level in the past year at $75.73 earlier in the session. The Hartford company earned $866 million, or 93 cents per share, in the January-March period, up from $722 million, or 78 cents per share, a year ago. Analysts surveyed by Thomson Reuters expected earnings of 90 cents per share. Revenue slipped to $12.1 billion from $12.25 billion a year ago. Analysts expected revenue of $12.26 billion. United Technologies expects earnings per share this year in the range of $4.50 to $4.65, which includes $350 million in expected restructuring charges and one-time gains of $100 million. Analysts expected earnings of $4.63 a share but generally exclude one-time items. Restructuring costs last year were $800 million, which included the elimination of 14,000 jobs. Profit rose at each of United Technologies' businesses, led by Carrier heating and ventilating. Orders for Carrier's transport refrigeration and air conditioning business Transicold rose 37 percent in the quarter, while orders for commercial heating, ventilating and air conditioning equipment fell 4 percent, reflecting weakness in commercial real estate markets. Improvements in Carrier reflect restructuring and cost reduction in addition to benefits of a "relatively easy" comparison with a tough first quarter of 2009, Chief Financial Officer Greg Hayes told investor analysts on a conference call. "Obviously, the order rates are up wonderfully at Transicold and probably a little bit stronger than we had anticipated," he stated. Truck trailer equipment orders in North America and Europe are up more than 80 percent from a very low base, he informed. Carrier was among the first United Technologies businesses to feel the impact of the recession in 2007 when the housing market collapsed. Its refrigerated transportation container business plunged 80 percent in 2008. Analyst Nick Heymann of Sterne Agee said investors are more interested in strong revenue than profit. "Margins right now are not as influential for investors as revenue growth," he informed. "People wanted to see a short to intermediate pickup in revenue." In addition, investors are wary about benefits from favorable currency exchange rates that Heymann said will eventually end. He said he expects a "gradual recovery" as order rates continue to pick up. "This is a solid result but there's no jubilation," Heymann informed. Sikorsky Aircraft posted a 25 percent rise in operating profit, to $145 million, due to strong military orders. And Otis elevator, which benefited from the boom in office construction in China but then fell as China's economy weakened, reported a 17.8 percent increase in profit, to $596 million. Revenue fell in United Technologies' two aerospace businesses, jet engine maker Pratt & Whitney and Hamilton Sundstrand, which makes airline electrical systems. Pratt & Whitney Canada, which makes jet engines for business planes, shipped 633 engines in the first quarter, down from nearly 1,000 in the first quarter of 2009, Hayes said.
Top 100 US Defense Contractors
Relevance Score: 1.585 2009-07-08 23:16:05
1. Lockheed Martin Corp. 2. Boeing Co. 3. Northrop Grumman Corp. 4. General Dynamics Corp. 5. Raytheon Co. 6. KBR Inc. 7. L-3 Communications Holdings 8. United Technologies Corp. 9. BAE Systems 10. SAIC 11. General Electric Co. 12. Computer Sciences Corp. 13. Humana Inc. 14. Health Net Inc. 15. Triwest Healthcare Alliance Co. 16. EDS 17. Public Warehousing Co. KSC 18. ITT Industries 19. Textron Inc. 20. Honeywell Inc. 21. URS Corp. 22. Harris Corp. 23. AmerisourceBergen Corp. 24. Bechtel Group Inc. 25. FedEx Corp. 26. Alliant Techsystems Inc. 27. Booz Allen Hamilton Inc. 28. BP PLC 29. DRS Technologies Inc. 30. Exxon Mobil Corp. 31. Kuwait National Petroleum Co. 32. The Alliance Contractor Team 33. Renco Corp. 34. MacAndrews & Forbes Holdings 35. Environmental Chemical Corp. 36. Oshkosh Truck Corp. 37. Royal Dutch Petroleum Co. 38. Stewart & Stevenson Services 39. Armor Holdings Inc. 40. General Motors Corp. 41. Grindex Pumps A B Sweden 42. Korea Agricultural Cooperative 43. CACI International Inc. 44. Johns Hopkins University 45. General Atomics Technology Corp. 46. Rockwell Collins 47. McKesson Corp. 48. Valero Energy Corp. 49. Aerospace Corp. 50. MITRE Corp. 51. Cardinal Health Inc. 52. Massachusetts Institute of Technology 53. Syracuse Research Corp. 54. Chugach Alaska Corp. 55. Dell Computer Corp. 56. Jacobs Engineering Group Inc. 57. ARINC Inc. 58. Phillips and Jordan Inc. 59. Refinery Associates Inc. 60. Rolls-Royce PLC 61. United Industrial Corp. 62. IAP Worldwide Services Inc. 63. Government of Canada 64. Hatakeyama Bussan 65. AP Moller-Maersk 66. ChevronTexaco Corp. 67. Battelle Memorial Institute 68. Shaw Group Inc. 69. Parsons Corp. 70. Thales Group 71. Abu Dhabi National Oil Co. 72. Bahrain National Oil Co. 73. Philip Morris Co. 74. Tetra Tech Inc. 75. Chenega Corp. 76. AshBritt Inc. 77. Hunt Building Corp. 78. Ceradyne Inc. 79. Ceres Environmental Services 80. SK Corp. 81. Veritas Capital Inc. 82. CH2M Hill Companies Ltd. 83. Aecom Technology Corp. 84. Washington Group International 85. Goodrich Corp. 86. Hensel Phelps Construction Co. 87. Procter & Gamble Co. 88. Tesoro Petroleum Corp. 89. UBS Provedores 90. Dogog Farm 91. Datapath Inc. 92. Mantech International Corp. 93. Afognak Native Corp. 94. VSE Corp. 95. Accenture 96. IBM Corp. 97. Arctic Slope Regional Corp. 98. Serco Group PLC 99. Kemyong Farm Ltd. 100. Charles Stark Draper Labs
Russia Developing New Missiles to Counter US System
Relevance Score: 1.579 2009-08-14 09:23:01
A top Russian military officer says his country is developing new missiles to counter space-based missile systems that could soon be deployed by the United States. Russian news agencies quote Air Force General Alexander Zelin as saying the new Russian missiles will also defend against airborne attacks. General Zelin, speaking to reporters Tuesday in Moscow, said the United States by 2030 will have deployed satellite-based missile systems capable of striking targets anywhere in Russia. General Zelin said the new Russian S-500 surface-to-air system under development will be capable of defeating “all manner of ballistic missiles and supersonic air devices. Russia and the United states are currently negotiating a new strategic nuclear arms reduction treaty to replace a 1991 agreement that expires in December. Moscow has voiced strong opposition to U.S. plans to deploy a land-based missile defense system in central Europe, saying it will trigger a new arms race. U.S. officials have insisted the system, in Poland and the Czech Republic, in no way targets Russia or anyone else and is aimed at countering a possible attack from such states as Iran. U.S. President Barack Obama has not yet announced whether his administration will pursue the missile shield.
Sikorsky Aircraft Developing Optionally Piloted Black Hawk Demonstrator Helicopter
Relevance Score: 1.558 2010-04-19 16:14:51
Sikorsky Aircraft Corp. is collaborating with the U.S. Army to develop an optionally piloted demonstrator Black Hawk helicopter, the company informed from the AAAA Annual Convention. Sikorsky Aircraft is a subsidiary of United Technologies Corp. Sikorsky Innovations, Sikorsky Aircraft's technology organization, is leading the development program. It plans to fly the optionally piloted demonstrator aircraft this year, and is targeting introducing the optionally piloted aircraft in 2015. "This technology will provide commanders with manning options based on the mission and tactical situation, and will significantly reduce crew limitations while increasing Black Hawk helicopter flight operations," informed Chris Van Buiten Director of Sikorsky Innovations. The U.S. Army's total Black Hawk helicopter fleet exceeds 1,740 aircraft and has amassed six million flight hours. More than 3,000 Black Hawk helicopters are in use today, operating in 27 different countries. Designed to stringent U.S. Military standards, the Black Hawk helicopter has become the leader in multi-mission-type aircraft. Among the mission configurations it serves are troop transport, medical evacuation, attack, assault support and special operations. Sikorsky Innovations is an agile, networked group of Sikorsky employees and industry teammates dedicated to demonstrating innovative technology solutions to the toughest problems in vertical flight. Sikorsky Innovations is pursuing a broad range of advanced technologies, including X2 high-speed helicopter technology, aware and adaptive aircraft systems and optionally piloted aircraft. Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in aircraft design, manufacture and service. United Technologies Corp., based in Hartford, Conn., delivers a broad range of high-technology products and support services to the aerospace and building systems industries.
Sikorsky in US Helicopter Deals $1.52 bln
Relevance Score: 1.509 2010-02-06 13:39:52
United Technologies Corp's (UTX.N) Sikorsky Aircraft won two U.S. military helicopter contracts worth a total of $1.52 billion, the Defense Department informed. The first contract, totaling $923.7 million, funded the fourth year of a multiyear contract for a range of Army Black Hawk helicopters. The second, for $600.7 million, covered the fourth year of funding for various Navy MH-60 Sea Hawk helicopters, the Pentagon's daily contract digest informed.
UPDATE 1-Sikorsky in US helicopter deals totalling $1.52 bln
Relevance Score: 1.498 2010-01-20 23:03:05
United Technologies Corp's (UTX.N) Sikorsky Aircraft won two U.S. military helicopter contracts worth a total of $1.52 billion. The first contract, totaling $923.7 million, funded the fourth year of a multiyear contract for a range of Army Black Hawk helicopters. The second, for $600.7 million, covered the fourth year of funding for various Navy MH-60 Sea Hawk helicopters, the Pentagon's daily contract digest.
United States Military Academy to Issue the TASER X26 to Base Security
Relevance Score: 1.476 2009-07-07 09:20:04
TASER International, Inc. (Nasdaq:TASR), a leading provider of technology solutions and the market leader in electronic control devices (ECDs), today announced that it received an order for the U.S. Military Academy at West Point to issue TASER(r) X26(tm) ECDs and related accessories to its base security and law enforcement. "It is an honor to have our TASER X26 selected for deployment at West Point as an alternative response to resistance option," said George Fenton, Vice President of Government and Military Sales for TASER International. "The United States Military Academy joins ranks with more than 14,000 federal, state, local and military agencies already using the proven TASER technology to protect officers and soldiers as they serve and protect their communities. This order is expected to ship in third quarter of 2009."