United Tech fined for pricing

Investor's Business Daily

A federal court ruled late Mon. the diversified manufacturing giant will pay $473 mil and interest over a '99 lawsuit for manipulating pricing at its Pratt & Whitney jet engine unit to win Air Force contracts more than 20 years ago. At the Paris Air Show, Spirit Air (SAVE) selected United Technologies (UTX) engines for its Airbus orders. Shares rose 1.3%.

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