Today, industrials editor and analyst Brendan Byrnes discusses some good news from United Technologies (NYSE: UTX ) . The company’s subsidiary Sikorsky Aircraft finalized a $7.3 billion with the U.S. military that will run through fiscal 2016. Although the deal was expected, the confirmation helps provide a steady revenue stream for Sikorsky in the coming years at a time when the Pentagon is cutting its budget. The industry continues to struggle overall because of austerity measures and defense cuts worldwide, but United Tech may manage to buck the trend. Its purchase of Goodrich could help increase commercial market share, and this contract will help ease any future government losses.
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