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United Technologies’ (NYSE:UTX) subsidiary UTC Aerospace Systems said Tuesday it will deliver an imaging system to Tulare County Sheriff’s Office in California for use in its air support aircraft. Shares of the parent drifted slightly lower. The company said in a statement its Cloud Cap Technology TASE400 Long Range Spotter was chosen because of its high performance and low size, weight and power architecture. The sheriff’s office plans to use the system’s infrared imaging sensor and color cameras in the department’s airplane, which will aid Tulare County deputies during periods of limited visibility, darkness and low ambient light conditions. Weighing less than nine pounds, the system can be easily mounted to fixed-wing aircraft, helicopters, unmanned aerial vehicles and tethered balloons, it added. The stock decreased 0.57% or $0.62 during the last trading session, hitting $107.35. About 2.39 million shares traded hands. United Technologies Corporation (NYSE:UTX) has risen 26.06% since January 26, 2016 and is uptrending. It has outperformed by 11.52% the S&P500. United Technologies Corporation is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The company has a market cap of $90.40 billion. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. It has a 24.22 P/E ratio. The Company’s Otis segment designs, makes, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways. The information provided on this website is for individual use only and should be considered strictly informational in nature. The article is not advice, and should not be treated as such. We are in no way responsible for any investment loss or damages. All content in our articles is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed in our articles. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. We make no recommendation that the securities of the companies profiled or discussed in on our website should be purchased, sold or held by investors. |
