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Connecticut state officials and manufacturing executives recently gathered at Pratt & Whitney’s East Hartford headquarters as Gov. Dannel P. Malloy detailed a $2 billion plan to position the University of Connecticut as one of the country’s top public research institutions.
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.
At the 13th hour, with a deal seemingly on the verge of collapse, the U.S. House of Representatives rallied to pass a deal preventing tax hikes for most Americans and postponing billions of dollars in spending cuts that were to take effect.
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.
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.
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.