United Technologies says it remains on track to split into three companies by mid-2020
Thomas GrytaUnited Technologies Corp. said its profit rose 3.7% in the first quarter and the industrial conglomerate boosted its earnings projections for 2019, citing better-than-expected results from its recent acquisition of airline-parts maker Rockwell Collins Inc.
The Farmington, Conn.-based company reiterated its revenue and cash-flow guidance for the year and said it remains on track to split into three companies by mid-2020.
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