Otis Wins Modernization Project and 10-Year Service Contract Extension for Burj Khalifa [Yahoo! Finance]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
Otis installed the iconic building's original elevators and escalators in 2010 The Burj Khalifa is the world's tallest building, welcoming approximately 17 million visitors annually These upgrades will support safe and efficient vertical mobility for years to come DUBAI , UAE March 6, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading manufacturer of elevators, escalators, and moving walkways, has been selected by Emaar Properties to modernize 34 of the 57 elevators and all eight escalators in the Burj Khalifa, the world's tallest building. The contract includes servicing of all the units for an additional 10 years. "Otis has been a reliable partner since the installation of the first elevators and escalators in 2010. The Otis team has proven their expertise in providing safe, smooth and efficient vertical mobility for our supertall building of over 828 meters and more than 160 stories and all passengers moving throughout. We trust them to apply
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OTIS
News
- Otis Worldwide Corporation (NYSE:OTIS) First-Quarter Results: Here's What Analysts Are Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
- Otis Worldwide Co. (NYSE: OTIS) had its price target raised by analysts at JPMorgan Chase & Co. from $104.00 to $105.00. They now have a "neutral" rating on the stock.MarketBeat
- Otis Worldwide Co. (NYSE: OTIS) had its price target lowered by analysts at Wells Fargo & Company from $102.00 to $98.00. They now have an "equal weight" rating on the stock.MarketBeat
- Nigeria Elevator and Escalator Market Report 2024, with Key Player Analysis for Otis, KONE, Mitsubishi Electric, TK Elevator, Hyundai Elevator, FUJIHD Elevator, Hitachi, Kleemann and Akotex Elevator [Yahoo! Finance]Yahoo! Finance
- OTIS Q1 Earnings Beat, Organic Sales Up, '24 View Raised [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 4/24/24 - Beat
OTIS
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/5/24 - Form ARS
- OTIS's page on the SEC website