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United Technologies Corporation Message Board

  • airbornetrppervet airbornetrppervet Mar 4, 2014 7:32 PM Flag

    Sikorsky today Seeking Alpha

    Hopefully this will bring some $$$$ into the pipeline to offset some of the Canadian & Turkey losses.

    From Seeking Alpha......

    Pentagon adds last-minute funding for new Sikorsky helicopter • 6:51 PM
    •The Pentagon said today that it would continue funding toward a new Sikorsky military rescue helicopter, paving the way for a potential contract award later this year to sole bidder United Technologies (UTX) that could eventually be worth more than $10B.
    •The last-minute reprieve for the program follows intense lobbying by members of Congress, many of whom are critical of the broader $495B Pentagon budget. triggering horse-trading over various individual weapons purchases and planned cuts in the armed forces.
    •U.S. Air Force officials had said previously that while the helicopter was needed, it may not make the cut because of budget pressures and other priorities.

 
UTX
116.16-1.10(-0.94%)Apr 24 4:00 PMEDT