United Technologies Unit to Make Boeing 737 MAX Landing Gear and 2 Other Dow Movers to Watch
United Technologies Corp. (NYSE:UTX): Current price $102.90
United Technologies Corp. unit UTC Aerospace Systems has been chosen by Boeing Co. to make the landing gears for its new Boeing 737 MAX. The contract requires that UTC Aerospace Systems build the nose and main landing gear along with the main gear side struts. Aerospace Systems will manufacture the landing gear in a number of its facilities in North America and Poland.
Boeing Co. (NYSE:BA): Current price $105.34
LOT Polish Airlines CEO Sebastian Mikosz told reporters in Warsaw on Thursday that his company would like to conclude talks with Boeing Co. in 2013 in regards to compensation for losses originating from the three-month grounding of the 787 Dreamliner. Bloomberg says LOT could bring a lawsuit against Boeing should the talks concerning financial restitution, which commenced more than two months ago, prove unsuccessful.
Wal-Mart Stores Inc. (NYSE:WMT): Current price $73.51
On Thursday, Wal-Mart’s South African business, Massmart, posted a 10 percent drop in first-half profit, hobbled by a weak market and a slow expansion into other countries in Africa. Massmart and clothing retailer Truworths, which also reported results Thursday, are among a rising number of South African firms worrying about anemic consumer demand in the African continent’s biggest economy.