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The modernized Ansat is reliable and simple to operate, can operate in various climates, and is suitable for outdoor storage. In December 2014 the Ansat with hydro- mechanical controls received additional type certifi cation from the Interstate Aviation Committee’s Aviation Register, allowing it to make commercial passenger fl ights.


Russian Helicopters has already presented the new Ansat to its traditional markets, including countries across the CIS, Southeast Asia, Africa. and Latin America.


United Technologies, subject to fi nal board approval. This announcement follows a review of strategic alternatives for Sikorsky announced earlier this year. A decision on whether Sikorsky will be spun off or sold is expected by the end of the third quarter.


UTC Announces Intention To Exit Helicopter Business


United Technologies Corp. recently announced that it will pursue the separation of the Sikorsky Aircraft business from


“Our strategic review has confi rmed that exiting the helicopter business is the best path forward for United Technologies,” said Gregory Hayes, UTC president and chief executive offi cer. “Sikorsky is the world’s premier helicopter company and through a series of strategic wins is well positioned for long-term growth. However, separation of Sikorsky from the portfolio will allow both United Technologies and Sikorsky to better focus on their core businesses. Over the coming weeks, we’ll determine whether a spinoff or direct sale is the best way to enhance Sikorsky’s long-term success and create the most


value for customers and shareholders.”


Excluding Sikorsky, UTC now expects 2015 earnings per share of $6.35 to $6.55 on sales of approximately $58 to $59 billion. The company continues to expect organic sales growth of 3 to 5 percent and cash fl ow from operations less capital expenditures in the range of 90 to 100 percent of net income attributable to common shareowners.


Including Sikorsky, the company now


anticipates earnings per share of $6.55 to $6.85, down from the previous expectation of $6.85 to $7.05. This reduction in the earnings expectation range refl ects approximately $0.10 to $0.20 of one-time separation costs along with a $0.10 decline in Sikorsky’s operational expectations for the year due to weakness in the oil and gas markets.


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