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Monday, January 27, 2014

United Technologies weighs options for Sikorsky copter unit-report, (NYSE: UTX)

United Technologies Corp is weighing options for its Sikorsky helicopter unit, including a potential sale or spinoff, industry publication Defense News reported on Monday, citing unnamed sources. United Technologies shares were up 1.4 percent in afternoon trading, against lower U.S. markets. Sikorsky manufactures the Black Hawk military helicopter.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries worldwide. Shares of UTX traded higher by 1.32% or $1.48/share to $113.28. In the past year, the shares have traded as low as $87.57 and as high as $118.20. On average, 2784790 shares of UTX exchange hands on a given day and today's volume is recorded at 4641666.