United Technologies says Pratt engines building in inventory
- Wall Street falls sharply on worries about banks
- Some Deutsche Bank (DB) Clients Said to Reduce Collateral on Trades
- Qualcomm (QCOM) in Talks to Acquire NXP Semiconductors (NXPI) - DJ
- Costco Wholesale (COST) Tops Q4 EPS by 4c; Comps Rose 3%
- After-Hours Stock Movers 09/29: (MENT) (CEMP) (COST) Higher; (CAMP) (ABUS) Lower (more...)
The logo of Dow Jones Industrial Average stock market index listed company United Technologies and their subsidiary Pratt & Whitney is pictured in San Diego, California April 21, 2016. REUTERS/Mike Blake
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
NEW YORK (Reuters) - United Technologies Corp's (NYSE: UTX) chief executive said on Friday that the company has a buildup in inventory of Pratt & Whitney aircraft engines and that hitting its cash flow targets in 2016 "depends on getting engines out the door."
Chief Executive Officer Greg Hayes' comments come after Bombardier Inc
(Reporting by Alwyn Scott)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BOC Aviation Selects V2500® Engines for Five Firm A320ceo Family Aircraft
- After military raid, India looks at more ways to pressure Pakistan
- China factories limp along, Japan inflation goes backwards
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!