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"United Technologies raises full-year profit forecast on Rockwell lift"

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bar1080   Wednesday, 04/24/19 11:28:45 AM
Re: srains post# 96
Post # of 101 
"United Technologies raises full-year profit forecast on Rockwell lift"

"(Reuters) - United Technologies Corp posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday, boosted by robust demand for aircraft parts at one of the manufacturers better placed to ride out the fallout of the Boeing 737 MAX groundings.

Shares rose as much as 4 percent to $142.25, after the company said the acquisition of aero parts maker Rockwell Collins had helped to cushion the impact from Boeing's reduction of production rates for its best-selling jet.

UTC also said it was on track to separate into three companies in the first half of 2020, leaving it focused on its aerospace units through Collins Aerospace and the Pratt & Whitney engines business.


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