New Sundyne China Manufacturing Plant Begins Pump Product Shipments

June 21st, 2012 by InvestorPoint

ARVADA, Colo., June 21, 2012 /PRNewswire/ — Sundyne Corp., a subsidiary of Hamilton Sundstrand Corporation, today announced the scheduled shipment of the first production run of centrifugal sealless magnetic drive pumps from its new factory in Tianjin, China. Hamilton Sundstrand is a subsidiary of United Technologies Corp. (NYSE: UTX). (Photo:  http://photos.prnewswire.com/prnh/20120621/LA27491) In early 2012, Sundyne brought a new manufacturing plant online in Tianjin, marking the first exp…continued
     

New Book Highlights Carrier’s Cool Innovations That Forever Changed the World

June 20th, 2012 by InvestorPoint

FARMINGTON, Conn., June 20, 2012 /PRNewswire/ – With 110 years of innovation as a guide, Carrier unveiled a newly commissioned book, chronicling the robust legacy of industry-changing inventions that have made the world a cooler place to live, work and play at a special reception at the Library of Congress in Washington, D.C. Carrier is the world’s leader in high technology heating, air-conditioning and refrigeration solutions and a part of UTC Climate, Controls & Security, a unit of Un…continued
     

Pratt & Whitney and Irkut Sign Definitive Agreement for PurePower PW1400G Engine for MC-21 Aircraft Family

June 5th, 2012 by InvestorPoint

MUNICH, June 5, 2012 /PRNewswire/ — Pratt & Whitney and Russia’s Irkut Corporation today signed a definitive agreement to offer the Pratt & Whitney PurePower® PW1400G engine on Irkut’s MC-21 family of aircraft. This secures the PurePower engine as the only western powerplant offered on the new narrow body program. Pratt & Whitney and Irkut Corporation selected Short Brothers plc, a subsidiary of Bombardier Aerospace of Canada, as the exclusive nacelle provider for the PW1400G engine …continued
     

Paul Adams Inducted Into Connecticut Academy of Science & Engineering; Gives Keynote Address on ‘Disruptive’ PurePower Geared Turbofan(tm) Technology

June 4th, 2012 by InvestorPoint

EAST HARTFORD, Conn., June 4, 2012 /PRNewswire/ – Paul Adams, Pratt & Whitney’s senior vice president of Operations & Engineering, was recently inducted into the distinguished Connecticut Academy of Science & Engineering (CASE) for his outstanding contributions to jet propulsion technology.  Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company. Adams was recognized for his technical leadership in the engineering development and production of game-changing tec…continued
     

Troy Facility Completes S-61(tm) Airframe Modernization for U.S. State Department

May 23rd, 2012 by InvestorPoint

TROY, Ala., May 23, 2012 /PRNewswire/ – Sikorsky Aircraft’s Troy, Ala., facility announced today it has completed the structural modernization of its first S-61T™ airframe, which will now undergo completion at Carson Helicopters for eventual delivery to the U.S. State Department for diplomatic service in Afghanistan.  Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX). (Logo:  http://photos.prnewswire.com/prnh/20060403/SIKORSKYLOGO) The State Department …continued
     

PZL Mielec, a Sikorsky Company, Contracted to Build Eclipse 550 Airframe and Wings

May 15th, 2012 by InvestorPoint

MIELEC, Poland, May 15, 2012 /PRNewswire/ – PZL Mielec announced today it has signed an agreement to produce airframe components for Eclipse Aerospace, Inc., contingent upon the launch of Eclipse 550 jet production.  Major components include the fuselage, empennage and wings for the Eclipse 550 jet. PZL Mielec would manufacture these components in Poland and ship them to Eclipse’s facilities in Albuquerque, New Mexico, USA, for final assembly and delivery to customers once Eclipse officiall…continued
     

UTC Names Mick Maurer as President, Sikorsky Aircraft; Jeffrey P. Pino to Retire

May 7th, 2012 by InvestorPoint

HARTFORD, Conn., May 7, 2012 /PRNewswire/ – United Technologies Corp. (NYSE: UTX) today announced the appointment of Mick Maurer as President of its Sikorsky Aircraft Corp. subsidiary, effective July 1. Maurer will report to UTC Chairman & Chief Executive Louis Chenevert, succeeding Jeffrey P. Pino, who will retire July 1. To ensure a seamless succession, Pino and Maurer will collaborate closely during the next two months, after which Pino will serve as a consultant to Sikorsky. Maurer joi…continued
     

Sikorsky and Terma Widen MOU as Denmark Considers MH-60R helicopter

May 7th, 2012 by InvestorPoint

STRATFORD, Conn., May 7, 2012 /PRNewswire/ — Sikorsky Aircraft and Terma today announced they have extended and broadened their previously announced Memorandum of Understanding (MOU) to explore additional potential collaborations on aircraft programs.  Both the original MOU, signed in February 2010, and the new MOU are conditioned on the Danish government’s decision to procure Sikorsky MH-60R SEAHAWK ® helicopters via a Foreign Military Sale with the U.S. Government, which is currently und…continued
     

Otis Elevator Company Announces 2014 FIFA World Cup Stadium Contract in Brazil

April 18th, 2012 by InvestorPoint

FARMINGTON, Conn., April 18, 2012 /PRNewswire/ — Otis Brazil, a unit of Otis Elevator Company and United Technologies Corp. (NYSE: UTX), today announced a significant contract win to install 21 energy-efficient elevators and escalators at Rio de Janeiro’s famous Maracana Stadium — the site of the 2014 FIFA World Cup final championship match and the 2016 Summer Olympics’ opening and closing ceremonies. Otis also recently won contracts to supply equipment at two other Brazilian World Cup Stadiums, the…continued
     

MB Aerospace doubles size of operations

December 14th, 2011 by InvestorPoint

GLASGOW, Scotland, Dec. 14 (UPI) — Britain’s MB Aerospace Holdings Ltd reports the acquisition of U.S. company Gentz Industries, a manufacturer of precision aerospace engine components. MBA, a leading aerospace company with facilities in England and Scotland, said the acquisition is doubling the size of MBA’s operations for supply chain management and the manufacture and repair of machined and fabricated components used by original equipment manufacturers. “Our U.K. businesses continue to perform wel…continued
     

Outside View: The economy and jobs: A glass half full or half empty?

November 3rd, 2011 by InvestorPoint

COLLEGE PARK, Md., Nov. 2 (UPI) — Forecasters expect the U.S. Labor Department will report Friday that the U.S. economy added only 90,000 jobs in October after scoring a moderate 103,000 gain in September. Though an improvement over May to August, when jobs creation averaged only 64,000, this isn’t enough to keep up with labor force growth. The unemployment rate remained steady at about 9.1 percent through this period, despite sluggish growth and lackluster jobs creation, and going forward it may beg…continued
      

CPI Aerostructures gets Sikorsky contract

October 17th, 2011 by InvestorPoint

EDGEWOOD, N.J., Oct. 17 (UPI) — CPI Aerostructures Inc. is producing gunner window assemblies for U.S. military Black Hawk helicopters under a schedule agreement from Sikorsky Aircraft Corp. The deal, a follow-on to a $2 million agreement last year between the companies, is worth as much as $2.3 million. The windows are of two-piece construction located just behind the pilot seat on each side of the aircraft. They slide open for use by the machine gun operator. CPI Aerostructures said deliveries ar…continued
      

Arab states keep U.S. atop arms market

September 30th, 2011 by InvestorPoint

BEIRUT, Lebanon, Sept. 30 (UPI) — Saudi Arabia was the leading buyer of U.S. weapons in 2003-10, receiving arms worth $29 billion, the U.S. Congressional Research Service’s latest report on arms transfers stated. That’s not counting the $60 billion Riyadh is expected to spend on U.S. military purchases — including combat jets, warships and missiles — over the next decade. Lockheed Martin, Boeing, Sikorsky Aircraft Corp. and Raytheon will be major beneficiaries of the biggest U.S. arms deal on recor…continued
        

Markets stumble Friday

September 30th, 2011 by InvestorPoint

NEW YORK, Sept. 30 (UPI) — U.S. markets slipped Friday after the Commerce Department said incomes fell 0.1 percent in August, the first drop in 22 months. Personal spending rose 0.2 percent in August, down from a 0.7 percent monthly gain in July. With few exceptions, stocks in Asia and Europe were lower despite the German Parliament’s approval Thursday of an expansion to the bailout fund meant to help struggling eurozone countries. The Taiwanese TAIEX index rose 0.6 percent. In Australia, the SP/AS…continued
               

Crude oil slides

September 30th, 2011 by InvestorPoint

NEW YORK, Sept. 30 (UPI) — Crude oil prices fell Friday, losing $1.45 to $80.68 a barrel on the New York Mercantile exchange and ending September 10 percent lower. “As uncertainty surrounds both the European debt situation and the global economy generally, crude remains highly volatile and under the influence of general market sentiment. Hence, equities sell off, the dollar strengthens and crude heads lower,” Matt Smith, analyst with Summit Energy, a subsidiary of Schneider Electric, told MarketWatch.c…continued
                      

Economic Outlook: Bank on it

September 30th, 2011 by InvestorPoint

Is anyone surprised by U.S. banks lining up to announce new fees on debit cards, given the profits swiped away by a law limiting “swipe fees.” Banks, it might be said, are the monarchs of money in that, all things being equal, they don’t take no for an answer. When Congress limited the fees banks could charge for customers swiping debit cards for purchases, it was a matter of when, where and how much banks would invent a replacement fee. Did anyone have any doubts on this? Reportedly, Bank of Americ…continued
                             

USGS touts Afghan mineral wealth

September 30th, 2011 by InvestorPoint

WASHINGTON, Sept. 30 (UPI) — The 24 formations of metals and minerals in Afghanistan have the potential to provide a major boost to its economy, a U.S. Defense Department official said. The U.S. Geological Survey announced that its work with the U.S. Defense Department and the Afghan Geological Survey yielded “volumes of information” about copper, gold, iron and rare earth elements in Afghanistan. USGS Director Marcia McNutt said disclosure of the resource potential in Afghanistan might allay concern…continued
                                    

Egyptians call for end of emergency period

September 30th, 2011 by InvestorPoint

CAIRO, Sept. 30 (UPI) — Presidential candidates in Egypt demanded that emergency laws be lifted Friday, the last day of a state of emergency the ruling council declared in March. Six presidential candidates issued a statement Thursday, urging the Supreme Council of the Armed Forces not to extend the emergency law unless it provides a satisfactory reason for doing so, al-Masry al-Youm reported. The candidates said a presidential election should be conducted before the end of the year. Activists and …continued
                                           

The almanac

September 30th, 2011 by InvestorPoint

Today is Friday, Sept. 30, the 273rd day of 2011 with 92 to follow. The moon is waxing. The morning stars are Mercury, Neptune, Uranus, Venus and Saturn. The evening stars are Jupiter and Mars. Those born on this date are under the sign of Libra. They include German physicist Hans Geiger, co-inventor of the Geiger counter, in 1882; film director Lewis Milestone (“All Quiet on the Western Front”) in 1895; singer Kenny Baker in 1912; drummer Buddy Rich in 1917; novelist Truman Capote in 1924; baseba…continued
                                                   

Survey shows Afghanistan’s mineral wealth

September 29th, 2011 by InvestorPoint

KABUL, Afghanistan, Sept. 30 (UPI) — A joint U.S.-Afghanistan survey has determined Afghanistan has high mineral potential the Kabul government can develop. The U.S. Geological Survey said it participated in the survey with the U.S. Department of Defense and the Afghan Geological Survey. It said extensive research by the agencies “has yielded volumes of information about areas of high mineral potential in Afghanistan, including rare earth elements, gold, iron, and copper.” Many of the mineral priorit…continued
                                                           

Gold sits on $1,616

September 29th, 2011 by InvestorPoint

NEW YORK, Sept. 29 (UPI) — Gold prices were flat Thursday in New York with the dollar index down 0.23 percent. On the Comex division of the New York Mercantile Exchange, gold gave up $2.10 an ounce, a fraction of the $41.80 it gave up in the previous trading session. Gold on Thursday dropped to $1,616 per troy ounce with equities mixed on Wall Street. The Dow Jones industrial index rose 1.3 percent. The broader Standard and Poor’s 500 index gained 0.81 percent but technology stocks on the Nasdaq co…continued
                                                                   

Japanese auto supplier to pay $200M for price scam

September 29th, 2011 by InvestorPoint

DETROIT, Sept. 29 (UPI) — The U.S. Justice Department said a Japanese parts supplier for the automobile industry would pay $200 million to settle a case of price fixing and bid rigging. Three executives from Japan — Junichi Funo, Hirotsugu Nagata and Tetsuya Ukai — agreed to serve prison sentences that range from 12 to 18 months after pleading guilty to their part in the scam, the department said in a statement. Four separate one-count felony charges were filed in the U.S. District Court for the Ea…continued