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United Technologies (UTX) Stock Higher Today After Judge Reverses $657 Million Lawsuit Ruling
2015-04-07 19:12:18| Paper - Topix.net
The original judgement stipulated that the company was liable to pay the U.S. government restitution over what was initially ruled to be misleading statements by the company when it was competing with GE for a government contract to build the engines for the country's F-15 and F-16 fighter jets in 1983. The appellate court ruling reverses a district court's 2013 ruling in the case and sends the proceedings back to that court which originally found United Technologies liable for six years of overcharges.
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United Technologies wins reversal of $657 million award over engine prices
2015-04-07 03:28:53| Paper - Topix.net
United Technologies Corp on Monday won the reversal of a $657 million judgment imposed over decades-old claims accusing its Pratt & Whitney unit of overcharging the federal government on jet engines for the military. The 6th U.S. Circuit Court of Appeals in Cincinnati said the government did not prove damages from false statements allegedly made by Pratt when it competed in 1983 with GE Aircraft for a contract to supply engines for the F-15 and F-16 fighter jets.
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United Technologies appoints Robert Leduc as new president of Sikorsky
2015-04-04 12:41:36| Industrial Machines - Topix.net
United Technologies is shuffling the leadership at Sikorsky Aircraft, less than a month after announcing it may spin off the helicopter-making subsidiary. UTC on Thursday appointed Robert Leduc as president of Sikorsky, moving predecessor Mick Maurer to the newly created role of UTC senior vice president of strategic projects.
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United Technologies appoints Robert Leduc as new president of Sikorsky
2015-04-03 21:26:30| Paper - Topix.net
United Technologies is shuffling the leadership at Sikorsky Aircraft, less than a month after announcing it may spin off the helicopter-making subsidiary. UTC on Thursday appointed Robert Leduc as president of Sikorsky, moving predecessor Mick Maurer to the newly created role of UTC senior vice president of strategic projects.
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The Wall Street Journal: United Technologies names new president of Sikorsky
2015-04-02 17:21:57| Paper - Topix.net
United Technologies Corp. on Thursday said it named company veteran Robert Leduc president of Sikorsky Aircraft, as it continues to explore strategic alternatives for the helicopter company. Leduc succeeds Mick Maurer, who assumes the newly created post of senior vice president of strategic projects.
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