United Tech's Sikorsky Likely To Get $7 Bil Contract
Several top defense contractors dropped out of competition to replace aging Air Force helicopters, leaving just United Technologies (UTX) Sikorsky Aircraft unit in line for the program valued up to $6.84 billion. The five that declined to submit formal bids were Northrop Grumman (NOC), which had teamed with Italian aerospace and defense contractor Finmeccanica; Boeing (BA); Textron's (TXT) Bell Helicopter unit; and the U.S. arm of European
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