logo
Plus   Neg
Share
Email

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
Facebook said it is launching new tools that will help health researchers to track and combat the spread of COVID-19 by using anonymized location data from users. The social media giant said its 'Data for Good' program is developing Disease Prevention Maps that provide details on how population movements around regions are influencing the spread of the disease. Amazon.com decided to donate 8200 laptops, worth more than $2 million, to elementary students in Seattle Public Schools (SPS) to help towards the continuous learning plan during the coronavirus (COVID-19) pandemic. SPS is the largest K-12 school system in Washington State to ensure that each student graduates ready for college, career and life. With classrooms going digital due to the stay-at-home order amid the Covid-19 pandemic, the New York City has banned the use of video conferencing app Zoom to conduct online classes, citing privacy and security concerns. The city's Department of Education in partnership with the NYC Cyber Command took the decision after receiving many reports of "Zoombombing".
Follow RTT
>