United Technologies Corporation (UTX)

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Pratt gaat slechts 150 GTF motoren kunnen leveren in 2016, ipv. 200 volgens plan.

http://www.bloomberg.com/news/articles/ ... y-forecast

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http://pw.utc.com/Press/Story/20161019-0845

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United Technologies verdient meer dan verwacht in Q3, en verwacht zelf tevens betere jaarcijfers.

http://www.nasdaq.com/article/united-te ... k-cm697659

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Reportage over de Pratt&Whitney GTF motoren:
https://www.youtube.com/watch?time_cont ... YBCiF88ERQ

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Trump ging carrier/UTX straffen, nu krijgen ze tax breaks
http://fortune.com/2016/12/02/indiana-c ... ks-mexico/

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vandaag de eerste lijnvlucht van de Bombardier CS300, Riga-Schiphol.

http://www.bombardier.com/en/media/news ... ercom.html

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vandaag de eerste lijnvlucht van de Bombardier CS300, Riga-Schiphol.

http://www.bombardier.com/en/media/news ... ercom.html

en nu ook een P&W artikel en video over de C-series voor AirBaltic:
http://pw.utc.com/News/Story/20161215-1130

kleine sneer naar de concurrentie: "It could be argued that this is a first for the industry. I mean, we typically do not see engines coming out of the box meeting their weight and performance and their noise guarantees, especially weight and performance. The whole industry has a history of spending multiple months, multiple years, millions of dollars in performance and weight and improvement programs which we didn't have to do after certification,"

[reteiP]

United Technologies Corporation (NYSE:UTX) early Wednesday posted mixed Q4 earnings results and stood by its full-year outlook, as weak Pratt & Whitney unit revenues hampered results.
The Farmington, CT-based building and aerospace systems maker reported Q4 EPS of $1.56, which was in-line with the Wall Street consensus of $1.56. Revenues rose 2.5% from last year to $14.66 billion, falling short of analysts’ $14.71 billion view, however.

UTX noted that Otis new equipment orders rose 3% year-over-year, while orders at the UTC Climate, Controls & Security unit gained 2%. Commercial aftermarket sales fell 6% at Pratt & Whitney, but were up 3% at UTC Aerospace Systems.

Looking ahead, United Technologies reaffirmed its previously announced 2017 guidance. It still expects full-year EPS of $6.30 to $6.60, which straddles analysts’ $6.56 estimate. 2017 revenues are seen rising 1% to 3%, to $57.5 to $59.0 billion, roughly in-line with the $58.8 billion that Wall Street expects for the year.

The company commented via press release:

“We remain confident in the 2017 expectations we laid out in December. Despite an uncertain global macro environment, our growing aerospace backlog and strategic investments in the commercial businesses position us well to generate higher organic growth in 2017, and we remain on track to our 2020 targets,” Hayes added. “UTC remains focused on innovation for growth, execution, structural cost reduction, and disciplined capital allocation.”

[SEC]

Resultaten kunnen moeilijk verrassen, midden december hadden ze al alles meegedeeld.


Wel opnieuw veel eigen aandelen ingekocht, met geleend geld.
En in 2017 willen ze dat blijkbaar nog ne keer doen.


Doch ik vind die P&W resultaten niet "weak" gezien ze zowel bij burger- als bij militaire motoren aan het prille begin van de cycli zitten, GTF & F35. Dat vreet nu eenmaal marge en cash. Dat zal nog jaren "weak results" opleveren.

Het voordeel bij P&W is dat ze de cash in de schoot geworpen krijgen van een heel erg mooie cash fontein: OTIS

Dat geluk heeft de engelse oligopolist niet, en daar komt dan meestal nog pech bij, boetes en accounting truukjes en zo.

de Franse oligopolist heeft een megalomaan plan bedacht om hopeloze boutique Zodiac over te nemen, net op het moment dat ze hun handen meer dan vol hebben met de lancering van de LEAP.

[SEC]

Artikel in The Economist over alternatieven voor Airbus of Boeing, vooral de CSeries van Bombardier.

http://www.economist.com/blogs/gulliver ... -strangers

"...the CSeries is now enjoying a smooth entry into service. Airlines like the plane for its reliability and fuel efficiency, which Bombardier claims is up to 20% better than competing current-generation aircraft (other manufacturers dispute this). Passengers seem to like the on-board experience, praising its large cabin windows, high humidity and low noise levels (the engines on the CSeries are up to 20 decibels quieter than on comparable planes)..."

-20 decibels = lawaai -75%


Ook nog een vermelding voor Brusselsairlines dat binnenkort met Sukhoi Superjets gaat vliegen