October 6, 2016 / 11:51 PM / in 10 months

United Tech to cut pension liabilities by $1.77 bln

1 Min Read

Oct 6 (Reuters) - United Technologies Corp, maker of Pratt & Whitney engines, said on Thursday it would cut the overall size of its pension liabilities by about $1.77 billion in 2016.

The company, which also makes Otis elevators, said it expected to incur a one-time pre-tax pension settlement charge of $400 million to $530 million in the fourth quarter.

United Technologies had future pension and post-retirement benefit obligations of $5.71 billion as of June 30. (Reporting by Rachit Vats in Bengaluru; Editing by Richard Chang)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below