Business

February 8, 2013

UTC discloses $3.5 million in revenue for two overseas affiliates ending Iran business

United Technologies Corp. says two overseas affiliates earned $630,000 as the company ended business with Iran.

The aerospace and building systems conglomerate based in Hartford, Conn., disclosed in its annual report Feb. 7 that its non-U.S. affiliates generated $3.5 million in revenue ìrelated to the orderly winding down of legacy business related to sale of fire safety equipment.

United Technologies said it stopped new business with Iran in 2009.

It also said non-U.S. affiliates of its Otis subsidiary serviced, maintained and modernized elevators at Iranian diplomatic premises in France, Hungary and Kuwait last year. The Otis affiliates earned $6,000.

The U.S. imposed sanctions on Iranís Central Bank and other financial institutions to put pressure on the countryís nuclear program, which the U.S. and other nations fear aims to build nuclear weapons. AP




All of this week's top headlines to your email every Friday.


 
 

 

Headlines September 17, 2014

News: Pentagon open to U.S. ground troops in fight against Islamic State - The Pentagon’s top general opened the door Sept. 16 to the possibility that U.S. combat troops would be needed in Iraq, as he publicly laid out President Obama’s still-developing plans to combat Islamic State insurgents through U.S. air power and relying on an...
 
 

News Briefs September 17, 2014

U.S. to assign 3,000 troops to fight Ebola The Obama administration is preparing to assign 3,000 U.S. military personnel to West Africa to combat the Ebola outbreak that has overwhelmed local health care systems and drawn appeals for help from the region and aid organizations. The troops will supply medical and logistical support and boost...
 
 
Navy photograph

Future USNS Fall River delivered

Navy photograph The joint high speed vessel USNS Fall River (JHSV 4) completes acceptance trials testing and evaluations in the Gulf of Mexico. The ship’s trials included dockside testing to clear the ship for sea and at-...
 

 
University of Alaska-Fairbanks photograph by Chris Larsen

NASA airborne campaigns focus on climate impacts in Arctic

University of Alaska-Fairbanks photograph by Chris Larsen Changes in more than 130 Alaskan glaciers are being surveyed by scientists at the University of Alaska-Fairbanks in a DHC-3 Otter as part of NASA’s multi-year Oper...
 
 
Air Force photograph by Michael J. Pausic

Future of NATO: Adapting to a new security environment

Air Force photograph by Michael J. Pausic Gen. Phillip Breedlove informs the assembled crowd about the results of the recent NATO Summit and the areas of instability that affect Europe that have regional implications. Seated in...
 
 
Image courtesy of NASA/CXC/M. Weiss

NASA’s Chandra X-ray Observatory finds planet that makes star act deceptively old

Image courtesy of NASA/CXC/M. Weiss A new study from NASA’s Chandra X-ray Observatory shows that a giant exoplanet, WASP-18b, is making the star that it orbits very closely act much older than it actually is. This artist&...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>