[Alex Murphy]

The United Technologies Corporation said on Monday that it planned to either sell or spin off Sikorsky Aircraft, the maker of the Black Hawk helicopters favored by the United States military. The announcement follows a review of strategic alternatives for the 90-year-old Sikorsky business that United Technologies conducted this year. A decision on whether to spin off or sell the business is expected by the end of the third quarter and is subject to the approval of the company’s board of directors.

It was just a year ago that Sikorsky won the bid to make the S-92 the next "Marine One" POTUS helicopter. What happened?

[taildragger]

"What happened"

They are claiming Off Shore Oil Helicopter Sales are trying up. Thank you Lear Deader, or thank the Fracking Revolution.

I also wonder if UTX is trying to get out a market that might have a number of the functions that require a man carrying sale-able item be seemed as way too expensive with the advent of UAV's and their capabilities increasing exponentially and not just small little electric jobbies. It may not be in their wheelhouse given they sell bigger Helicopters, but these advances could encroach into their territory. Maybe they are getting out while the gettin' is good...

[UNGN]

What happened is they want to sell at a profit.

Only Losers sell at a loss. Someone else can make money off future government helicopter sales (and move the work out of CT, who knows)

UTC doesn’t want to be the one seen moving jobs out of CT, when they are getting huge tax breaks from CT.

I’m not saying UTC won’t buy something stupid with their Sikorsky cash stash, but There are a lot of businesses out their that are closer to their core that they should look to purchase (like current, high volume suppliers to their other core businesses).