United Technologies to record $870 mln in pre-tax charge in Q4

Wed Jan 6, 2016 7:27am EST
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Jan 6 (Reuters) - United Technologies Corp said its Pratt & Whitney unit, which makes aircraft engines, recorded a pre-tax charge of about $870 million in the fourth quarter of 2015.

The charge is related to a series of amendments to certain research and development support arrangements the company had previously entered into with Canadian federal and provincial government agencies, UTC said in a regulatory filing on Wednesday. (Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)