United Tech sees end to Canada helicopter dispute
The Associated Press May. 20, 2014
A long and costly dispute over helicopters between UTC and Canada is nearing an end, the conglomerate's CEO said Tuesday.
Delivery of 28 helicopters was scheduled to begin in 2012. But Sikorsky and Canadian officials clashed over production, support and other issues.
Negotiations are almost complete and United Technologies has agreed to a "phased delivery" of the helicopters, CEO Louis Chenevert told investor analysts Tuesday. Details of the program, known as Canadian Maritime Helicopters, will be available in about 30 days.
"This project is moving along," he said. "I want to make it the last time we talk about CMH ever."
2012? More like
2008.
I/C