PHI (PHI +17.8%) soars after a report details the firm is asking a federal court to sanction...

|By:, SA News Editor

PHI (PHI +17.8%) soars after a report details the firm is asking a federal court to sanction Sikorsky Aircraft - the manufacturer of a helicopter that crashed leading to damage awards from PHI. Sikorsky, owned by United Technologies(UTX -0.2%), withheld a report from an engineer stating a faulty design led to the crash in 2009, according to court filings.