U.S. regulator probes United Tech's jet engine sales in China

Fri Apr 25, 2014 9:25am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Reuters) - United Technologies Corp (UTX.N: Quote) said the U.S. Securities and Exchange Commission had launched an investigation regarding sales of the company's jet engines in China by a non-employee sales representative.

United Tech, which also makes elevators and climate control systems, said the regulator issued a subpoena seeking documents related to disclosures of sales of its Pratt & Whitney engines and International Aero Engines.

The SEC probe follows United Tech's internal investigation into the matter, the company said in a regulatory filing on Friday. (r.reuters.com/rav78v)

(Reporting by Sagarika Jaisinghani in Bangalore; Editing by Savio D'Souza)