United Technologies (UTX -1.9%) shares slide despite solid Q2 results and upward guidance, as...

|About: United Technologies Corpora... (UTX)|By:, SA News Editor

United Technologies (UTX -1.9%) shares slide despite solid Q2 results and upward guidance, as AMR's big order for Boeing (BA +2.1%) and Airbus (EADSY.PK +4.1%) planes is viewed as a win for GE (GE +1.1%) and a potential loss for UTX. In its deal with Boeing, AMR chose to re-engineer the existing 737, which uses a GE-manufactured engine, rather than opt for something new.