A Big-Time Deal for United Technologies
Today, industrials editor and analyst Brendan Byrnes discusses some good news from United Technologies (NYS: UTX) . The company's subsidiary Sikorsky Aircraft finalized a $7.3 billion with the U.S. military that will run through fiscal 2016. Although the deal was expected, the confirmation helps provide a steady revenue stream for Sikorsky in the coming years at a time when the Pentagon is cutting its budget. The industry continues to struggle overall because of austerity measures and defense cuts worldwide, but United Tech may manage to buck the trend. Its purchase of Goodrich could help increase commercial market share, and this contract will help ease any future government losses.
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At the time this article was published Brendan Byrnes owns shares of United Technologies. The Motley Fool owns shares of General Dynamics, Lockheed Martin, and Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.