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Industrial, Helicopter Businesses Boost UTC’s Third Quarter Results

Defense Daily Staff

Thursday, October 20th, 2011

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United Technologies Corp. [UTX] posted strong third quarter financial results driven by operating profits at its helicopter and industrial businesses and sales gains at each of its segments. Net income increased 11 percent to $1.3 billion, $1.47 earnings per share (EPS) from $1.2 billion ($1.30 EPS) a year ago, nipping consensus estimates by two cents. Sales were up 9 percent to $14.8 billion from $13.6 billion with 6 percent of the growth organic. UTC’s Sikorsky helicopter segment led the gains,…

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