P&W Aftermarket Sales Down Six Per Cent

United Technologies has reported full year 2014 sales of $65.1bn, up four per cent year on year.

United Technologies has reported full year 2014 sales of $65.1bn, up four per cent year on year.

The group’s aerospace arm, UTC Aerospace Systems’ commercial aftermarket sales were up five per cent on 2013 figures, however, its subsidiary Pratt & Whitney reported a six per cent drop in aftermarket sales.

UTC Aerospace Systems’ net sales for Q4 2014 totalled $3.6bn, up from $3.5bn the previous year, while P&W reported a slight drop in net sales for Q4 2014 to $4bn compared with $4.1bn in Q4 2013.

The engine maker’s full year results for 2014 remained stable with net sales matching 2013’s $14.5bn.

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