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Issue #592

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2014 Media Kit

US regulator probes United Tech’s jet engine sales in China

By: | at 08:38 AM | International Trade  

United Technologies Corp. 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. (Reuters)