United Technologies Corp's Sikorsky helicopter unit could be acquired by another big defense company, but the potential for a big tax bill means the maker of Black Hawk helicopters will more likely be spun off into a standalone company, analysts said. UTC shares were up 1.9 percent on Thursday as company executives were scheduled to discuss alternatives for Sikorsky, including a split-off, at an investor day.Potential buyers include Boeing Co, Textron Inc , Airbus and BAE Systems and even Lockheed Martin Corp.Lockheed does not build helicopters but works closely with Sikorsky on outfitting and servicing MH-60 Sea Hawk helicopters for the U.S. Navy.Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters.
Lockheed Martin Corporation is a global security and aerospace company, which is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Shares of LMT traded higher by 0.47% or $0.93/share to $198.14. In the past year, the shares have traded as low as $153.54 and as high as $207.06. On average, 1254080 shares of LMT exchange hands on a given day and today's volume is recorded at 439957.
Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. Shares of TXT traded higher by 1.6% or $0.68/share to $43.28. In the past year, the shares have traded as low as $32.22 and as high as $45.61. On average, 1887740 shares of TXT exchange hands on a given day and today's volume is recorded at 420146.
United Technologies Corporation provides high technology products and services to the building systems and aerospace industries worldwide. Shares of UTX traded higher by 1.8571% or $2.1977/share to $120.54. In the past year, the shares have traded as low as $97.30 and as high as $124.45. On average, 3905920 shares of UTX exchange hands on a given day and today's volume is recorded at 2116184.
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