WTIC1080

UTC

Governor Dannel Malloy announces agreement with UTC to invest in Connecticut. (WTIC's Michael Guerrera)

House Overwhelmingly Passes UTC Credits

The Connecticut House of Representatives has overwhelmingly approved a $400 million tax credit exchange deal, reached by Gov. Dannel P. Malloy’s administration with the state’s largest private employer, United Technologies Corp.

04/17/2014

Governor Dannel Malloy announces agreement with UTC to invest in Connecticut. (WTIC's Michael Guerrera)

Job Loss A Presence In Conn./UTC Deal

When Connecticut struck a deal for up to $400 million in tax credits for United Technologies Corp., the sides said the company’s helicopter and aerospace divisions would remain here “for years to come.”

03/06/2014

(Courtesy United Technologies website)

UTC Reports Revenue Up, But Steep Drop In Fourth-Quarter Profit

United Technologies Corp. is reporting a steep drop in fourth-quarter profit, but its revenue edged up.

01/22/2014

(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

(Courtesy United Technologies website)

UTC Cancels Planned Furloughs

United Technologies Corp. canceled a planned furlough of 2,000 workers after the Department of Defense recalled most of its civilian employees.

10/06/2013

Sikorsky Blackhawk S-701 (Adam Berry/Getty Images)

UTC May Furlough 5,000 If Government Shutdown Continues

United Technologies Corp. says it may furlough more than 5,000 workers if the U.S. government shutdown continues into next month.

10/02/2013

Otis Elevator (Joel Saget/AFP/Getty Images)

Otis, Carrier, Kidde, Chubb To Combine In New UTC Unit

nited Technologies Corp. is combining its elevator and heating and climate controls businesses in a move aimed at making them more appealing to cities in emerging markets such as China.

09/24/2013

Sikorsky S-61N Sabah Arar AFP Getty Images

UTC Exec Says Military Is Cutting Spare Parts Orders

The chief financial officer of United Technologies Corp. says the European economy is beginning to recover, but the U.S. military is sharply cutting spare parts orders for subsidiary helicopter maker Sikorsky Aircraft Corp.

09/17/2013

(Courtesy United Technologies website)

Elevator Business, Spare Parts Sales Boost UTC Second Quarter Profit

United Technologies says its second-quarter revenue and profit spiked on strong elevator business in China and spare part sales for commercial airliners.

07/23/2013

more