Boeing Co. is sparring with suppliers such as United Technologies Corp. as the world’s largest planemaker demands that parts vendors cut prices or risk losing work on new jets such as the 777X and 787 Dreamliner.
United Technologies Corp.’s fourth- quarter earnings beat analysts’ estimates thanks to a last- minute deal with Canada to delay delivery of eight military helicopters that would have resulted in losses.
SPX Corp., which ended talks to buy equipment maker Gardner Denver Inc. last year, is poised to become a target itself after activist Relational Investors LLC urged it to shed assets and focus on industrial pumps.
General Electric Co., buoyed by demand for jet engines and locomotives, assured investors that its industrial business is poised to meet a goal for profit- margin growth and saw its shares climb to a five-year high.
3M Co., the manufacturer whose new chief executive officer has said he’s considering larger deals, agreed to buy Ceradyne Inc. for $860 million to expand into ceramics used in energy, aerospace and defense industries.
Invensys Plc, the engineering company whose takeover discussions with Emerson Electric Co. broke down last year, is becoming more palatable for acquirers after shedding its railroad division and reducing pension liabilities.