The chief executive of United Technologies Corp. says the aerospace and building systems manufacturer expects revenue next year will miss Wall Street expectations as it absorbs a sizable acquisition.
United Technologies Corp. said Wednesday that its third-quarter profit jumped nearly 11 percent as orders rose in double digits at several aerospace and building systems businesses. The manufacturing conglomerate raised its forecast for the year.
United Technologies Corp. said it will buy Goodrich Corp. for about $16.4 billion in cash, calling the aerospace and defense company a perfect addition that will allow it to take advantage of rapidly growing demand for aircraft
Shares of Goodrich Corp. are soaring on reports that Hartford-based United Technologies Corp. is exploring a takeover of the aerospace manufacturer.
Yachting race officials say 21 crew members of a capsized vessel who were rescued off the coast of Ireland included the former chairman of United Technologies Corp.
United Technologies Corp.’s Carrier unit says it has acquired a controlling interest in China’s Shandong Fuerda Air Conditioner Equipment Co. Ltd.
United Technologies Corp. posted a 19 percent jump in its second-quarter profit on Wednesday, citing strong orders for its heating and cooling building systems and exports that got a lift from a weaker dollar.
The chief executive of United Technologies Corp. says rising commodity prices and supply chain disruptions in Japan are causing some concerns, but sales are rising and the weak dollar is boosting the conglomerate’s exports.
Hartford-based United Technologies Corp. says its first-quarter profit jumped 17 percent.
Carrier Corp. said Tuesday it has agreed to sell its unit that makes air conditioners for buses in the United States and Canada to Mobile Climate Control.