United Technologies Corp. Weathers Recession In Q4 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Fri, Jan 23, 2009

United Technologies Corp. Weathers Recession In Q4

Parent Of Sikorsky, Pratt & Whitney, Rocketdyne

Times are tough, but there are some companies still doing OK. United Technologies Corporation released its 2008 fourth quarter numbers this week, and they're not shabby at all, especially in a recession.

The parent company of aircraft names like Pratt & Whitney, Rocketdyne, Sikorsky and Schweitzer, Carrier HVAC systems and Otis elevators, reported fourth quarter earnings per share of $1.23, up 14 percent, and net income of $1.1 billion, up 8 percent compared to 2007's fourth quarter.

Quarterly revenues were $14.5 billion. That's down 1 percent from the previous year, blamed by the company on adverse foreign exchange translation.

CEO Louis Chênevert explained the strong performance. "Balance works at UTC," he said. "While Carrier saw organic revenue decline 7 percent in the quarter, all other units reported organic growth with Sikorsky at an exceptional 25 percent.

"We remain confident that UTC's strong global franchises and experienced management team will continue to outperform even in this environment."

FMI: www.utc.com

Advertisement

More News

Bolen Gives Congress a Rare Thumbs-Up

Aviation Governance Secured...At Least For a While The National Business Aviation Association similarly applauded the passage of the FAA's recent reauthorization, contentedly recou>[...]

The SportPlane Resource Guide RETURNS!!!!

Emphasis On Growing The Future of Aviation Through Concentration on 'AFFORDABLE FLYERS' It's been a number of years since the Latest Edition of Jim Campbell's HUGE SportPlane Resou>[...]

Buying Sprees Continue: Textron eAviation Takes On Amazilia Aerospace

Amazilia Aerospace GmbH, Develops Digital Flight Control, Flight Guidance And Vehicle Management Systems Textron eAviation has acquired substantially all the assets of Amazilia Aer>[...]

Hawker 4000 Bizjets Gain Nav System, Data Link STC

Honeywell's Primus Brings New Tools and Niceties for Hawker Operators Hawker 4000 business jet operators have a new installation on the table, now that the FAA has granted an STC f>[...]

Echodyne Gets BVLOS Waiver for AiRanger Aircraft

Company Celebrates Niche-but-Important Advancement in Industry Standards Echodyne has announced full integration of its proprietary 'EchoFlight' radar into the e American Aerospace>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC