Airbus H175

GECAS orders jets, helicopters

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GE Capital Aviation Services is ordering 60 A320neo passenger jets from Airbus to lease to airliners powered by engines from a GE Aviation joint venture with Safran, also ordering nearly 50 helicopters from rivals of Sikorsky Aircraft. Fairfield-based GE (NYSE; GE) is in the process of selling off much of GE Capital, but has stated it plans to […] [Read More]
Robert Leduc

UTC replaces Maurer at Sikorsky

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Mick Maurer is out as president of Sikorsky Aircraft, with parent company United Technologies (NYSE: UTX) assigning former UTC executive Robert Leduc as his replacement, effective immediately. Maurer will continue reporting directly to UTC CEO Greg Hayes in his new role as senior vice president of strategic projects, with UTC planning a spin-off or sale […] [Read More]

Stamford business group postponements

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Updated at 3:37 p.m. WWE postponed Monday’s live event in Hartford and cancelled a Tuesday event in Boston, but will broadcast live Monday starting at 8 p.m. from its studios in Stamford where it is based. Ticket’s for tonight’s show at Hartford’s XL Center will be honored for a SmackDown event on Thursday, January 29 that will air […] [Read More]

Pitching UTC deal, Malloy breaks down the job numbers

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On the heels of Gov. Dannel Malloy’s recent announcement of a proposal to grant United Technologies $400 million in tax breaks in return for the aerospace company’s commitment to spend up to $5 billion within the next five years, his office has issued a press release breaking down the impact of the deal by municipality. […] [Read More]

Thomson Reuters taps UTC, GE and Xerox as top global innovators

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Three major corporations anchored in Connecticut have been ranked as drivers of international innovation as Thomson Reuters announced its 2013 Top 100 Global Innovators program this week. GE, Xerox and United Technologies were named on the third annual list, compiled and evaluated by Reuters’ IP & Science business. The 100 companies chosen in this year’s […] [Read More]

Sikorsky sales down 7 percent as military cuts weigh on profits

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Stratford-based Sikorsky Aircraft actually delivered more helicopters in the first quarter of this year than a year ago, but sales revenue was down 7 percent to $1.24 billion, the aircraft maker’s parent corporation reported Tuesday. United Technologies, the parent of Sikorsky, Pratt & Whitney and several of the most recognized industrial and aerospace brands in […] [Read More]

Black Hawk provides Sikorsky cover against sequestration

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With concerns over sequestration hanging over his Sikorsky Aircraft, Pratt & Whitney and UTC Aerospace systems subsidiaries, Louis Chenevert, chief executive officer and chairman of United Technologies, said the company is prepared for a 10 cent hit to earnings per share in a worst case scenario. Chenevert, speaking at the Barclays Conference, was in step […] [Read More]

UTC to buy back 60 million shares

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United Technologies board authorized a 60 million share repurchase program and declared a dividend of 53.5 cents per common share payable March 10 to shareowners of record at the close of business Feb. 15. The ex-dividend date is Feb. 13. UTC has paid cash dividends on its common stock every year since 1936. The Board’s […] [Read More]