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UTC, As Aerospace Company, Expects To Have $50 Billion In Sales By 2020

Cal Biesecker By
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UTC, As Aerospace Company, Expects To Have $50 Billion In Sales By 2020
UTC Chairman and CEO Gregory Hayes. Photo: UTC

United Technologies Corp. [UTX] on Monday evening closed its acquisition of Rockwell Collins and said it would separate into three separate companies, with United Technologies housing the commercial and military aerospace businesses that are expected to have about $50 billion in sales by 2020.The $23 billion cash and stock acquisition of Rockwell Collins, which was first announced in September 2017, gives UTC the scale it needs to be a pure aerospace company, allowing it to shed its people-moving, and climate…

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