April 14, 1998 |
Otis Elevator Co. said it plans to cut about 1,100 jobs worldwide as part of a global restructuring to make the world's largest elevator company more competitive and respond to Asia's financial crisis. The job cuts follow the elimination of 900 positions late last year and earlier this year, for a total of more than 2,000 jobs, company spokesman Mark Granato said. Most of the planned job cuts this year will occur in Europe, Asia and Latin America. Otis, a unit of United Technologies Corp.
July 19, 1997 |
United Technologies Corp. said its Sikorsky Aircraft unit signed a five-year, $745-million contract to build 108 Hawk helicopters for the Department of Defense. Sikorsky will provide 58 UH-60L Black Hawk utility helicopters for the Army, 42 new CH-60 fleet combat support aircraft for the Navy and eight HH-60G Pave Hawk combat search and rescue helicopters for the Air Force, the company said. The contract, which will continue until 2001, contains a provision that would give the U.S.
January 25, 1996 |
United Technologies Corp. said Wednesday that its fourth-quarter earnings rose 13%, beating analysts' estimates, as profit improved at its big Pratt & Whitney aircraft-engine unit. Net income rose to $187 million, or $1.42 a share, from $165 million, or $1.26, a year ago. The aerospace and industrial products company said gains were especially strong at its Otis, Carrier and Pratt & Whitney units.
January 13, 1994 |
A Los Angeles jury has ordered an electronics company to pay $1.2 million in damages to a landowner for contaminating the dirt under its facility, saying the toxic problems have given the property a "stigma" that has permanently reduced its value. The award was made to Seal Beach-based Bixby Ranch Co. against Spectrol Electronics and three co-defendants, including United Technologies, a conglomerate in Hartford, Conn. United Technologies owned Spectrol at the time of the contamination.