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United Technologies (UTX) to Divest Sikorsky Aircraft Unit; Updates FY15 Outlook
June 15, 2015 6:18 AM EDTUnited Technologies (NYSE: UTX) announced that it will pursue the separation of the Sikorsky Aircraft business from United Technologies, subject to final Board approval. This announcement follows a review of strategic alternatives for Sikorsky announced earlier this year. A decision on whether Sikorsky will be spun off or sold is expected by the end of the third quarter.
"Our strategic review has confirmed that exiting the helicopter business is the best path... More
