By Andrea Shalal WASHINGTON (Reuters) – Pratt & Whitney, a unit of United Technologies Corp, said its contracts with the Pentagon for the next two batches of engines for the Lockheed Martin Corp F-35 fighter jet will result in combined cost savings of 7 percent to 8 percent. Bennett Croswell, president of Pratt’s military engines […]
United Technologies Corp posted an 8 percent increase in quarterly profit, topping estimates, as sales of its elevators and aircraft parts helped offset a sluggish performance in its Pratt Whitney engine business. The maker of Sikorsky helicopters and Otis elevators said second-quarter net income rose to $1.68 billion, or $1.84 per share, from $1.56 billion, […]
United Technologies Corp’s finance chief on Thursday declined to comment on a report the company may sell or spin off its Sikorsky helicopter unit, but pointed to brightening prospects for the maker of Black Hawk helicopters. “If we comment on this rumor, we’ll have to comment on every subsequent rumor, so I can’t say, ‘Yes, […]
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