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Palm Beach County lifts land restriction for United Technologies Corp.

2015-04-08 13:59:51| Industrial Machines - Topix.net

Palm Beach County commissioners voted unanimously to lift a land-use restriction for United Technologies Corporation to build a regional headquarters on a site off Interstate 95 and Donald Ross Road. UTC wants to build a 250,000-square-foot facility in Palm Beach Gardens, but the land was slated only for biotech companies.

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Pratt & Whitney Advanced Technologies Provide Customer Value on PurePower Engine Platform

2015-04-08 12:31:16| Industrial Newsroom - All News for Today

EAST HARTFORD, Conn.,  Pratt Whitney, a United Technologies Corp. (NYSE: UTX) company, has developed and applied a suite of innovative materials technologies that are optimized to improve fuel burn, reduce weight and increase component durability for its PurePower Geared Turbofan (GTF) engine family. The first...

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RADA Electronic Industries and DRS Technologies Team for the North American AESA Radar Market

2015-04-08 12:31:16| Industrial Newsroom - All News for Today

Netanya, Israel,  RADA Electronic Industries of Netanya, Israel announced today that it has signed a strategic teaming agreement with DRS Technologies, Inc. to bring RADAs tactical active electronically scanned array (AESA) radar technology into the North American market. Under this agreement, DRS will market...

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Oceaneering Acquires C & C Technologies, Inc.

2015-04-08 12:31:09| Industrial Newsroom - All News for Today

HOUSTON  Oceaneering International, Inc. (NYSE:OII) announced that it has closed the previously announced definitive agreement to acquire C and C Technologies, Inc., a global provider of survey and satellite-based positioning services. Subject to customary post-closing working capital adjustments, the acquisition...

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United Technologies (UTX) Stock Higher Today After Judge Reverses $657 Million Lawsuit Ruling

2015-04-07 19:12:18| Paper - Topix.net

The original judgement stipulated that the company was liable to pay the U.S. government restitution over what was initially ruled to be misleading statements by the company when it was competing with GE for a government contract to build the engines for the country's F-15 and F-16 fighter jets in 1983. The appellate court ruling reverses a district court's 2013 ruling in the case and sends the proceedings back to that court which originally found United Technologies liable for six years of overcharges.

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