UTC holds to $58 billion sales forecast
Hartford-based United Technologies Corp. said Tuesday company officials met with investors and affirmed UTC’s outlook for 2012. The company anticipates earnings per share of $5.25 to $5.35 from...
View ArticleSikorsky all alone in hunt for Air Force’s 112 helicopter order
Several outlets, including Aviation Week and Reuters are reporting EADS, Northrop Grumman and Boeing have all decided to drop out of the U.S. Air Force’s competition for a new combat search and rescue...
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Pratt cuts 200 jobs as last F119 engine delivered
Vapor forms above the Pratt-engine powered F-22 Raptor in this July 26, 2012 AP file photo. Pratt & Whitney confirmed Tuesday it is cutting about 200 salaried positions in Connecticut. The company...
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Sikorsky shows improvement in fourth quarter
A Sikorsky S-76 D in flight. The company's new commercial helicopter is expected to help lift sales Sales increased three percent and Stratford-based Sikorsky Aircraft delivered 18 more aircraft in the...
View ArticleUTC to buy back 60 million shares
United Technologies board authorized a 60 million share repurchase program and declared a dividend of 53.5 cents per common share payable March 10 to shareowners of record at the close of business Feb....
View ArticleSikorsky in financial tussles with Canadians and U.S.
Stratford-based Sikorsky Aircraft is facing up to $80 million in fines from the Canadian government, Reuters reported this week, if the helicopter maker can’t get the Canadians to accept delivery of...
View ArticleSikorsky Aerospace taps Texas firm for State Department contract
Sikorsky Aerospace Services, the Shelton-based aftermarket service arm of Sikorsky Aircraft, has picked Texas-based S-TEC/ Cobhman Commercial systems to do the advanced avionics work on the S-61...
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Black Hawk provides Sikorsky cover against sequestration
AP file photo of UTC CEO and Chairman Louis Chenevert With concerns over sequestration hanging over his Sikorsky Aircraft, Pratt & Whitney and UTC Aerospace systems subsidiaries, Louis Chenevert,...
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Some local CEOs get 30 percent raises
While pay increases have been creeping back into some industries, most Americans were still tightening their belts coming out of 2012. Not so for some of our area’s CEOs. Six of the region’s top CEOs...
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Sikorsky sales down 7 percent as military cuts weigh on profits
Sikorsky announced during the first quarter it will team with Boeing to go after the U.S. military’s joint multi-role helicopter contract Contributed art. Stratford-based Sikorsky Aircraft actually...
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