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.
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.
United Technologies Corp. canceled a planned furlough of 2,000 workers after the Department of Defense recalled most of its civilian employees.
United Technologies Corp. says it may furlough more than 5,000 workers if the U.S. government shutdown continues into next month.
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.
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.
United Technologies says its second-quarter revenue and profit spiked on strong elevator business in China and spare part sales for commercial airliners.
United Technologies Corp. says its net income climbed and revenue rose 16 percent with help from last summer’s purchase of aerospace parts maker Goodrich Corp.
United Technologies Corp. is selling a former Goodrich Corp. electric power systems business for about $400 million.
A former employee of United Technologies Corp. is suing the aerospace conglomerate over its tuition program that financed graduate school but laid him off before he could receive company stock.