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UTC To Divest Sikorsky, Expecting Boost In Organic Sales, Operating Margin

Wednesday, June 24th, 2015

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As expected, United Technologies Corp. [UTX] on June 15 said that following a review of strategic alternatives for its helicopter business, the company has decided it will either sell or spin-off Sikorsky with a decision on the path for divestiture expected by the end of September.The multi-industrial company also said that without Sikorsky, it will achieve higher organic sales, improved operating margin, better cash flow generation, lower exposure to defense markets, and higher aftermarket content.UTC officials made the announcement during…

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