The aerospace and building systems manufacturer United Technologies is running into turbulence. <\/p>\n
(MONEY Magazine) -- The maker of Pratt & Whitney plane engines, Otis elevators, and Carrier air conditioners has outperformed the broad stock market for much of the past decade, thanks in part to its business and geographic diversification. <\/p>\n
But United Technologies, which recently completed a deal to buy aircraft-component maker Goodrich, is running into a bit of turbulence. <\/p>\n
Slowing sales in China and the possibility of defense cuts at home, for instance, threaten UTX's enviable profit growth. <\/p>\n
Related: Defense cuts won't hurt that much <\/p>\n
Is this just a bumpy stretch or the start of a gradual descent? <\/p>\n
Troubles abroad <\/p>\n
Nearly half of the company's sales come from slowing Europe and Asia. <\/p>\n
United Technologies (UTX, Fortune 500) international reach 61% of its sales are generated overseas, with about a third of that coming from emerging markets like China and India has long been seen as a positive. Now that global growth has hit a speed bump, though, this plus has turned into a minus. <\/p>\n
The European debt crisis is casting a cloud over foreign sales (Europe accounts for 26% of revenue), and the strengthening of the U.S. dollar has made American goods less competitive abroad. <\/p>\n<\/p>\n
See more here:<\/p>\n
Aerospace giant faces headwinds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The aerospace and building systems manufacturer United Technologies is running into turbulence. Continue reading