Moody's Rates United Technologies (UTX) Latest Debt Offering at 'A3'; Outlook is Stable
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Aerojet Rocketdyne (AJRD) Taps United Tech's Lundstrom as CFO
October 25, 2016 8:35 AM EDTAerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) announced that Paul R. Lundstrom will join the company as vice president of Finance and chief financial officer (CFO) on Nov. 7, 2016. Lundstrom will report directly to CEO and President Eileen Drake and will be based out of the corporate headquarters in El Segundo,... More
Lockheed Martin's quarterly profit handily beats estimates
October 25, 2016 7:38 AM EDTBy Rachit Vats and Mike Stone
(Reuters) - Lockheed Martin Corp (NYSE: LMT), the world's largest defense contractor, reported a quarterly profit on Tuesday that handily beat analysts' expectations, as sales of its Sikorsky helicopters pushed total revenue up 14.8 percent.
Lockheed's shares were up about 7 percent in afternoon trading following the company's earnings conference call.
The company also raised its adjusted profit and sales outlook for the year.
Results from the Pentagon's No. 1 weapons supplier are often seen as a bellwether for the U.S. defense sector.... More
United Technologies (UTX) Tops Q3 EPS by 9c
October 25, 2016 6:55 AM EDTUnited Technologies (NYSE: UTX) reported Q3 EPS of $1.76, $0.09 better than the analyst estimate of $1.67. Revenue for the quarter came in at $14.4 billion versus the consensus estimate of $14.27 billion.
GUIDANCE:
United Technologies sees FY2016 EPS of $6.55-$6.60, versus the consensus of... More
