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United Technologies Aerospace Systems eyes expansion

United Technologies Aerospace Systems expects compound annual revenue growth to average 6 percent over the next five years, and is looking for acquisitions in four key areas, an executive said on Monday.


June 9, 2016
By Reuters

The company is looking for acquisitions in avionics, interiors, structures and hydraulics, UTC Aerospace Systems President Dave Gitlin told a media briefing, noting those are areas where UTC does not yet have a large presence. Any acquisitions likely would boost revenue growth beyond the 6 percent expected from existing operations, he said. | READ MORE