Sign In
Search
Business/Financial

UTC Posts Higher Profits As Sales Dip On Foreign Currency Impacts

Cal Biesecker By
SHARE:
UTC Posts Higher Profits As Sales Dip On Foreign Currency Impacts
UH-60M Photo: Sikorsky

United Technologies Corp. [UTX] on Tuesday posted strong earnings in its first quarter on operating profit gains at its building controls, climate and security segment and its businesses that make jet engines for aircraft, and helicopters.The company’s sales dipped one percent to $14.5 billion from $14.7 billion a year ago due to the impacts of foreign current rates while organic revenue climbed 3 percent. Net income increased 18 percent to $1.4 billion, $1.58 earnings per share (EPS), from $1.2 billion…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Navy/USMC

Trump Wants To Bring Back Battleships With New Ship Class Named After Himself

Business/Financial

Trump To Defense Industry Leaders: Slash Executive Pay, Dividends And Buybacks In Favor Of Production Investments

Air Force

DoD Awards First Round Of APFIT Projects Using FY ’26 Funds

Advanced / Transformational Technology

3D Printing Tech Company Velo3D Nabs $33 Million DIU Award To Help Weapons Program

Trending

Boeing Picks Anduril As Rocket Motor Partner In Pursuit Of IFPC Inc. 2 Second Interceptor
Army Adds CHAOS Industries’ Radar Technology To Acquisition Marketplace
AFRL Seeking Innovations For C-sUAS “Kill Chain And Point Defense”
GD Has Delivered First M1E3 Abrams Tank Prototype, Army Chief Says
U.S. Space Force Considering Upgrades for Three Electromagnetic Warfare Systems

Contract Updates

Aerojet Rocketdyne Coleman Aerospace Inc. a wholly owned subsidiary of Aerojet Rocketdyne Inc. (Orlando, Florida) – $10,333,902

Aerojet Rocketdyne, Coleman Aerospace Inc., a wholly owned subsidiary of Aerojet Rocketdyne Inc., Orlando, Florida, is being awarded a $10,333,902 modification (P00258) to exercise an option to a previously awarded contract (HQ1047-14-C-0001) to increase calendar year 2026 program management office…

The Bell Boeing Joint Project Office (California, Maryland) – $262,069,451

The Bell Boeing Joint Project Office, California, Maryland, has been awarded a maximum $262,069,451 fixed-price-incentive, performance-based contract for V-22 Phase II consumable market basket items. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in…

Northrop Grumman Systems Corp. (Oklahoma City, Oklahoma) – $264,867,008

Northrop Grumman Systems Corp., Oklahoma City, Oklahoma, has been awarded an estimated $264,867,008 modification to award a hybrid firm-fixed-price and cost-plus-fixed-fee delivery order (SPRTA1-26-F-0020) against a five-year indefinite-delivery/indefinite-quantity contract (SPRTA1-19-D-0001) for B-2 rudders. This was a sole-source acquisition using justification…

General Dynamics Land Systems Inc. (Sterling Heights, Michigan) – $11,146,013

General Dynamics Land Systems Inc., Sterling Heights, Michigan, was awarded an $11,146,013 modification (P00122) to contract W56HZV-22-C-0012 to exercise option hours for Abrams system technical support. Work will be performed in Sterling Heights, Michigan, with an estimated completion date of…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume