United Technologies (UTX) Raises Quarterly Dividend 6.1% to $0.7; 2.3% Yield
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One-quarter of F-35 fighter jets grounded over oxygen issues
June 12, 2017 3:00 PM EDTBy Mike Stone
(Reuters) - About a quarter of the F-35 fighter jets made by Lockheed Martin Corp (NYSE: LMT), or 55 planes, have stopped flying until further notice because of irregularities in pilots' oxygen supplies, U.S. Air Force spokesman Captain Mark Graff said on Monday.
Training flights at Arizona's Luke Air Force Base, where the 55 jets are based, were canceled on Friday and scheduled to resume on Monday, but the grounding was extended indefinitely. More than 220 F-35s are flying worldwide.
The grounding... More
HSBC Starts United Technologies (UTX) at Hold
June 12, 2017 8:54 AM EDTHSBC initiates coverage on United Technologies (NYSE: UTX) with a Hold rating and a price target of $125.00.
For an analyst ratings summary and ratings history on United Technologies click here. For more ratings news on United Technologies click here.
Shares of United Technologies closed at $120.64 Friday.
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