Louis Chenevert
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It has meant everything from furloughs for air traffic controllers to fewer planes for the U.S. Navy to smaller subsidies for farmers. So far this earnings period, executives from Lockheed Martin to IBM and Delta Airlines are flagging how those U.S. budget cuts cost them some sales in the first quarter.
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It has meant everything from furloughs for air traffic controllers to fewer planes for the U.S. Navy to smaller subsidies for farmers. So far this earnings period, executives from Lockheed Martin to IBM and Delta Airlines are flagging how those U.S. budget cuts cost them some sales in the first quarter.
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April 23- Diversified U.S. manufacturer United Technologies Corp reported a better-than-expected profit on Tuesday as its purchase of aircraft components maker Goodrich helped offset U.S. defense cuts and weakness across Europe.
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April 23- Diversified U.S. manufacturer United Technologies Corp reported a better-than-expected profit on Tuesday as its purchase of aircraft components maker Goodrich helped offset U.S. defense cuts and weakness across Europe. Sales to the U.S. Department of Defense make up roughly 17 percent of United Tech's revenue.
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April 23- Diversified U.S. manufacturer United Technologies Corp reported a better-than-expected profit on Tuesday, helped in part by its 2012 buyout of aircraft components maker Goodrich.
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*Sees 2013 EPS $5.85- $6.15. NEW YORK, Dec 13- United Technologies Corp expects its profit to rise about 13 percent next year, with growing demand for its systems that are used in buildings helping to offset lower U.S. defense spending.