Plus   Neg

United Technologies Provide FY20 Outlook For Pratt & Whitney, Collins Aerospace

While reporting financial results for the fourth quarter on Tuesday, United Technologies Corp. (UTX) provided financial outlook for the full-year 2020 for Pratt & Whitney and Collins Aerospace.

The company noted that the outlooks for Carrier and Otis will be provided in conjunction with their upcoming pre-spin investor meetings scheduled for February 10th and 11th, respectively. The outlook for Raytheon Technologies will also be provided after the merger closes.

For fiscal 2020, Pratt & Whitney sales is expected to be up in the mid-single-digit and adjusted operating profit to be up $225 million to $275 million, both compared to 2019.

Meanwhile, Collins Aerospace sales is projected to be down in low-single-digit versus 2019, including an estimated 5 point headwind resulting from the suspension of 737 MAX production, lower ADS-B mandate sales and the expected impact of divestitures associated with the Raytheon merger.

Collins Aerospace adjusted operating profit is also expected to be down $275 million to $325 million versus 2019, including an estimated headwind of approximately $550 to $600 million.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Google CEO Sundar Pichai announced Monday a $10 billion Google for India Digitization Fund to help accelerate India's digital economy. The investment is planned over the next five to seven years through equity investments, partnerships, and operational, infrastructure and ecosystem investments. Logistics solutions provider Hi-Crush Inc. (HCR) announced Monday that it has voluntarily filed petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. Hi-Crush has also entered into a Restructuring Support Agreement... Analog Devices, Inc. (ADI) and Maxim Integrated Products, Inc. (MXIM) announced Monday that they have entered into a definitive agreement under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over $68 billion. The transaction, which was unanimously approved...
Follow RTT