UTC Weighing Sikorsky Spinoff

United Technologies said yesterday it is reviewing "strategic alternatives" for its Sikorsky Aircraft business, including a potential spinoff.

In the announcement, the company said it is assessing whether Sikorsky's business would be better positioned as a stand-alone company. The review, United Technologies added, is slated to be complete before the end of the year.

"However, no specific timetable has been set, and there can be no assurance that a spinoff or any other transaction will take place," United Technologies said. "Likewise, no decision has been made on the timing or terms of any such transaction if one were to occur."