United Technologies Corp reported a higher-than-expected quarterly profit on Tue...
- United Technologies Corp reported a higher-than-expected quarterly profit on Tuesday, boosted by robust demand for aircraft parts at one of the producers better placed to ride out the fallout of this year’s Boeing 737 MAX groundings.
UTC, whose stock has risen 10 percent since the fatal crash in Ethiopia in March, said it is benefiting from better-than-expected performance of its recently acquired aero parts maker Rockwell Collins. Sales in the unit which houses Rockwell Collins and is the company’s biggest, jumped about 71 percent to $6.51 billion, as a growing fleet of aircraft boosts demand for spare parts.
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