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UTC Gets Chinese Approval for $30B Acquisition

UTC Gets Chinese Approval for $30B Acquisition

by Reuters | Nov 26, 2018 | Commercial & Industrial, CR Daily, Executive Briefing

United Technologies Corp. on Friday received Chinese regulatory approval for its $30 billion purchase of aircraft parts maker Rockwell Collins Inc., clearing the final hurdle to complete the largest aerospace deal in history.

Close to 200 Aerospace Workers Go on Strike

Close to 200 Aerospace Workers Go on Strike

by The Associated Press | Sep 18, 2018 | Commercial & Industrial, CR Daily, Industry News

Close to 200 aerospace workers in Connecticut went on strike against United Technologies Corp.

Farmington Office Building Sold for $20.4M

Farmington Office Building Sold for $20.4M

by The Commercial Record | Aug 15, 2018 | Commercial & Industrial, CR Daily, Industry News

Paradime Capital has purchased a 3-story office building in Farmington for $20.35 million, according to Hartford Business Journal. United Technologies Corp. has leased the building since 2012.

United Technologies: 2Q Earnings Snapshot

by The Associated Press | Jul 24, 2018 | Banking & Lending, CR Daily, Industry News

United Technologies Corp. on Tuesday reported second-quarter net income of $2.05 billion.

East Hartford’s Pratt & Whitney Intend A $400M Expansion Project On Its CT Facilities

by The Commercial Record | Jul 19, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News

Pratt & Whitney, a division of United Technologies Corp., is displaying its new geared turbofan on Capitol Hill in D.C. today. The company is also using the event to advertise its intentions to hire and invest in the local communities in which it operates, including its home state of Connecticut.

United Technologies Beats Street 1Q Forecasts

by The Associated Press | Apr 27, 2016 | Commercial & Industrial, Executive Briefing, Industry News

United Technologies Corp. on Wednesday reported first-quarter profit of $1.19 billion. On a per-share basis, the Farmington-based company said it had net income of $1.43. Earnings, adjusted for one-time gains and costs, were $1.47 per share. The results topped Wall...
UTC, Eversource Team Up In Energy-Saving Initiatives

UTC, Eversource Team Up In Energy-Saving Initiatives

by The Commercial Record | Apr 8, 2016 | Executive Briefing, Industry News

United Technologies Corp. (UTC) and Eversource recently hosted an event to target energy savings initiatives across select state UTC facilities. The event is part of a three-year strategic agreement between the companies to help reach their energy efficiency goals....

United Technologies To Move Manufacturing To Mexico

by The Commercial Record | Feb 16, 2016 | Commercial & Industrial, Executive Briefing, Industry News

Farmington-based Carrier Corp. and United Technologies Electronic Controls (UTEC), both subsidiaries of United Technologies Corp., will relocate Indiana manufacturing plants to Mexico, starting in 2017. The relocation will move operations closer to Carrier’s existing...

Lockheed Tops Third-Quarter Profit View On Increased Sales Of F-35 Jets

by The Commercial Record | Oct 20, 2015 | Commercial & Industrial, Executive Briefing, Industry News

Lockheed Martin Corp., the Pentagon’s No. 1 weapons supplier, reported better-than-expected quarterly results on higher demand for its F-35 fighter jets, and said it expects full-year revenue at the higher end of its forecast. Revenue at Lockheed’s...

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