United Technologies Corp reported better-than-expected quarterly earnings and raised its full-year sales and profit forecasts on Tuesday, driven ...
REUTERS: United Technologies Corp reported better-than-expected quarterly earnings and raised its full-year sales and profit forecasts on Tuesday, driven by an increase in demand for aircraft parts and spares.
UTC said sales in its Collins aerospace unit, its biggest, surged about 66per cent percent to US$6.58 billion in the second quarter, benefiting from the acquisition of aero parts maker Rockwell Collins. A growing fleet of aircraft also lifted demand for spare parts.
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