United Technologies says Pratt engines building in inventory

September 16, 2016 12:00 PM EDT

The logo of Dow Jones Industrial Average stock market index listed company United Technologies and their subsidiary Pratt & Whitney is pictured in San Diego, California April 21, 2016. REUTERS/Mike Blake


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NEW YORK (Reuters) - United Technologies Corp's (NYSE: UTX) chief executive said on Friday that the company has a buildup in inventory of Pratt & Whitney aircraft engines and that hitting its cash flow targets in 2016 "depends on getting engines out the door."

Chief Executive Officer Greg Hayes' comments come after Bombardier Inc earlier this month cut its forecast for deliveries of CSeries aircraft because of delays in getting Pratt engines.

(Reporting by Alwyn Scott)



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