United Technologies Cuts Annual Forecast on Aerospace, Otis
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United Technologies Corp. cut its 2015 profit forecast for the second time in just over a month, citing weak demand in the units making aerospace parts and Otis elevators.
Excluding the Sikorsky helicopter business being sold to Lockheed Martin Corp., earnings this year will be $6.15 to $6.30 a share, down from $6.35 to $6.55, United Technologies said Tuesday in its second-quarter earnings report. The company also reduced its annual sales projection.