June 16, 2015 - United Technologies Corp. on
Monday 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 forward
for United Technologies," said Gregory Hayes,
UTC President and Chief Executive Officer.
"Sikorsky is the world's premier
helicopter company and through a series of
strategic wins is well positioned for long-term
growth.
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