:

UTC Posts Strong Third Quarter Results

Wednesday, October 29th, 2014

SHARE:

United Technologies [UTX] on Oct. 21 reported a strong increase in net earnings driven by tax benefits, higher segment operating profits and lower restructuring costs while sales increased on strength across its business segments. Net income jumped 31 percent to $1.9 billion, $2.04 earnings per share (EPS), from $1.4 billion ($1.55 EPS), topping consensus estimates of $1.81 EPS. Sales increased 5 percent to $16.2 billion from $15.5 billion, with all of the growth organic. All five of UTC’s operating segments…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]