Job Loss a Concern in State Deal With United Tech

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    NEWSLETTERS

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    United Technologies posted earnings.

    When Connecticut struck a deal for up to $400 million in tax credits for United Technologies Corp., the sides said the company's helicopter and aerospace divisions would remain here "for years to come."

    There was no imminent threat the Hartford conglomerate would relocate. But Economic Development Commissioner Catherine Smith said there were worries about gradual job losses.

    She also said executives were clear they "would look around" as United Technologies considered a new building for jet engine maker Pratt and Whitney and upgrading its research and development site.

    In the deal announced last week, United Technologies will spend up to $500 million at Pratt & Whitney in East Hartford, Sikorsky in Stratford and UTC Aerospace in Windsor Locks.

    Pratt & Whitney headquarters will stay for 15 years and Sikorsky for at least five.
     

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