Sign In
Search
Business/Financial

UTC Boosts Share Repurchase Plans, Reaffirms 2014 Guidance

Cal Biesecker By
SHARE:
UTC Boosts Share Repurchase Plans, Reaffirms 2014 Guidance
UTC Chairman and CEO Louis Chenevert. Photo: UTC

United Technologies Corp. [UTX] on Wednesday reaffirmed its earnings guidance for 2014 and said it plans to increase the amount of money devoted to its stock buybacks this year. The company is adding $100 million to its level of share repurchases, bringing planned expenditures to $1.35 billion. In July, UTC boosted its expected level of spending on share repurchases for the year by $250 million to $1.25 billion based on based on its outlook for strong cash flow. UTC’s per…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Fewer Portfolio Adjustments Ahead For L3Harris As Mehta Focuses On ‘Business We Have’

Business/Financial

Northrop Grumman Posts Solid Third Quarter Results Led By Military Aircraft Worktics

Business/Financial

Shipbuilding, Unmanned Systems Lead HII To Strong Third Quarter

Business/Financial

L3Harris Cuts Ribbon On New Rocket Motor Facility To Support GMLRS

Trending

HII Says Frigate On Schedule To Be In Water By 2028 If Contract By Early FY ’27
Boeing To Receive Up to $945.9 Million Sole Source Contract for MILSATCOM Sustainment
Lockheed Martin Also Nabs Spot In Next Round Of Army C-UAS Interceptor Program
Firehawk Raises $150 Million-Plus To Build Out Rocket Motor And Missile Integration Plants
DoD Makes $150 Million Conditional Loan To Rocket Developer Stoke Space

Congress Updates

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

Air Force

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume