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United Technologies (UTX) unit Sikorsky Aircraft signs a five-year $7.3B deal to supply the U.S....

United Technologies (UTX) unit Sikorsky Aircraft signs a five-year $7.3B deal to supply the U.S. armed forces with H-60 Black Hawk helicopters and other versions of the workhorse aircraft, Reuters reports. The agreement is the eighth multi-year procurement of the choppers, and includes options that could add $1B-$2B to the value of the contract.
Comments (3)
  • Dr. V
    , contributor
    Comments (1179) | Send Message
     
    Shouldn't they be cheaper now? I mean since they (UTX)sold the same technology to China anyway, production cost surely must have dropped, right?
    9 Jul 2012, 04:00 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (5815) | Send Message
     
    Could be a short squeeze on (UTX) today.
    9 Jul 2012, 08:30 AM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    What is going on? The Chinese are not buying now? UTX was just fined $55 million for selling technologies to China ... it is the right time to give them a $7.3 billion contract with some 75% profit most likely.
    9 Jul 2012, 09:18 AM Reply Like
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