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

Cal Biesecker By
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UTC To Divest Sikorsky, Expecting Boost In Organic Sales, Operating Margin
Sikorsky S-97 RAIDER during its first flight on May 22 in Florida. The helicopter is based on the company's X2 rotorcraft configuration and is designed to meet Army Special Ops and armed reconnaissance needs. Photo: UTC

As expected, United Technologies Corp. [UTX] on Monday 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 the…

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