United Technologies experiences ‘best year in over a decade’

    United Technologies reported (23-Jan-2019) an 8% year-on-year increase in sales for 2018, excluding currency and portfolio change effects and stated its adjusted profit for 4Q2017 increased to USD1.95 per share (theedgemarkets.com, 23-Jan-2019). The company attributed the growth to a 29% surge in Collins Aerospace Systems sales and a 24% rise in Pratt & Whitneyrevenue. CEO Gregory Hayes stated the company experienced its “best year in over a decade for organic growth.” [more – original PR]