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United Technologies to buy back up to $5.4B in shares

United Technologies Corp. will buy back up to 60 million shares of the company's common stock worth about $5.4 billion at current prices, the company announced Feb. 4.

UTC sales increase as earnings top estimates

United Technologies Corp. reported fourth quarter earnings from continuing operations that topped the consensus projection, with the Hartford company today reaffirming its 2013 outlook of earnings per share of $5.85 to $6.15.

Changes at the top at Xerox, Pratt & Whitney

Xerox is in search of a new chief financial officer, while Pratt & Whitney announced Paul Adams as chief operating officer.

Mid-market mergers and acquisitions expected to rise in 2013

Corporate dealmakers are forecasting a strong 2013 for prospective buyers and sellers of mid-sized companies after mergers and acquisitions picked up at the end of last year.

Pratt & Whitney beats out GE in Embraer deal

Pratt & Whitney was selected by aircraft manufacturer Embraer SA to build the engines that will equip the second generation of Embraer's E-series models, the companies announced Jan. 8.

Pratt & Whitney wins $300M contract

United Technologies Corp. subsidiary Pratt & Whitney has received a five-year, $300 million contract from the South Korean government to assist in the maintenance of the engines powering the country's Lockheed Martin F-16 and Boeing F-15K fighter jets.

UTC completes $3.46B sale of industrial products unit

United Technologies Corp. (UTC) last week completed a $3.46 billion sale of its Hamilton Sundstrand industrial products unit to help finance the company's July acquisition of Goodrich Corp., valued at $16.5 billion.

Defense contractors wary of sequester

A group of aerospace industry executives, including Pratt & Whitney President David Hess, warned Congress and the Obama administration that a failure to address the sequester – a package of billions of dollars in defense spending cuts scheduled to begin Jan. 1 – could result in “hundreds” of lost jobs.

Report: Pratt & Whitney cuts 100 positions through layoffs, buyouts

United Technologies Corp. subsidiary Pratt & Whitney has laid off 80 hourly workers and eliminated 20 positions through buyouts, according to a report by the Harford Courant.

Sikorsky heavy-lift helicopter ready for testing

The first prototype of a CH-53K heavy lift helicopter being developed by Sikorsky Aircraft Corp. for the Navy is ready for ground testing, the Stratford-based company announced Dec. 4.

Hubbell growth slows

Hubbell Inc. third-quarter sales slowed to 3 percent growth from a year ago.

Schumer to Sikorsky: Pay up

U.S. Sen. Charles Schumer called on Sikorsky Aircraft Corp. to “promptly and favorably turn over” its upstate New York facility to local officials.

UTC gets good grade on foreign ethics

UTC won a “B” on its anti-corruption stance, while GE received just a middling grade.

Open-door policy missing for manufacturers

Few Connecticut manufacturers are opening their doors for factory floor tours during October’s “Manufacturing Month.”

DOD awards $530m for Sikorsky

The U.S. Department of Defense awarded Sikorsky Aircraft Corp. contracts totaling $530 million for work on Black Hawk helicopters.