Rate of return

July 23, 2013 - 3:55pm

While Sikorsky Aircraft’s parent company, United Technologies (UTC), reported improvement in its second-quarter earnings compared with last year, the helicopter manufacturer itself experienced a decrease of 3 percent in sales, a 24-percent decrease in operating profit and a drop in return on sales of 2.8 basis points. In a webcast today, Greg Hays, CFO of UTC, attributed the decreases partly to weak military aftermarket sales, which he said were down 25 percent, and the fact that sequestration is making it harder to process orders for spares.

April 29, 2013 - 3:55pm

Bad weather, fewer patient transports and a higher percentage of uninsured patients combined to create a surprise loss during the first quarter at Air Methods, the largest air ambulance provider in the U.S. CEO Aaron Todd hinted that the downturn was just temporary.

 
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