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Business/Financial

Sikorsky’s Outlook, Platform Depedency Not Aligned With Megatrends UTC Is Focusing On

By Cal Biesecker

Thursday, March 12th, 2015

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Sikorsky’s Outlook, Platform Depedency Not Aligned With Megatrends UTC Is Focusing On

UTC Chairman and CEO Gregory Hayes. Photo: UTC

United Technologies Corp. [UTX] is exploring the divestiture of its $7.5 billion helicopter business because the long-term growth and earnings outlook at Sikorsky Aircraft doesn’t fit with the rest UTC’s operating portfolio, which has greater scale and is poised to take advantage of global megatrends favoring urban growth and increased demand for commercial air travel, the company’s chief said on Thursday.The helicopter business has “its ups and downs” and is a “very, very good business,” Greg Hayes, UTC’s president and…

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