United Technologies Corp. plans to sell or spin off its helicopter division, Sikorsky Aircraft, within the next 60 days.
The divestment is primarily driven by softened demand for helicopters, attributed to falling prices in the oil and gas sector and military budget cuts.
Potential buyers for Sikorsky include major aerospace companies like Airbus Helicopters, Textron, and Boeing, aligning with UTC's recent strategy of offloading other aviation assets.
United Technologies Corp. said it plans to sell or spin off helicopter maker Sikorsky Aircraft, maker of the S-76, S-92 and Black Hawk series, within the next 60 days.
The plan to sell or split the storied company comes as demand for helicopters has softened with falling prices in the oil and gas sector and military budget cuts.
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