Utc Gets A Lift From Its Smaller EnginesTim Smart
The past two years have been a nightmare for United Technologies Corp. Chief Executive Officer Robert F. Daniell. Largely because of the downturn at Pratt & Whitney, UTC's embattled aircraft-engine maker, the 60-year-old, soft-spoken former helicopter mechanic has seen his company spew $1.3 billion in red ink since 1991. And he has laid off more than 23,000 employees, 12% of his work force.
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