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Defense Industry

(Courtesy United Technologies website)

UTC Quarterly Profits Up, Company Warns Weak Military Market Will Hurt 2013 Numbers

United Technologies Corp. says third-quarter profit edged up 1 percent on a slight increase in revenue, but warned that a weak military aerospace market will cut into 2013 revenue.

10/22/2013

Pratt and Whitney (Photo Credit: Philippe Lopez/AFP/Getty Images)

Analysts Expect Revenue Growth, But Lower Profits For UTC’s Third Quarter

United Technologies Corp. is expected to post strong revenue growth for the third quarter, but analysts expect profit to be down slightly from the same three months of 2012 as federal spending cuts pinch the conglomerate’s military business.

10/18/2013