United Technologies profit beats estimates, with boost from Rockwell Collins
Reuters: United Technologies Corp. reported a higher-than-expected quarterly profit today, boosted by robust demand for aircraft parts at one of the producers better placed to ride out the fallout of this year’s Boeing 737 Max groundings. UTC, whose stock has risen 10 percent since the fatal crash in Ethiopia in March, said it is benefiting from better-than-expected performance of its recently acquired aero parts maker Rockwell Collins of Cedar Rapids, which is now known as Collins Aerospace.
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