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United Tech to invest $15 billion in U.S. over next five years

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By Reuters
United Tech to invest $15 billion in U.S. over next five years
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(Reuters) – United Technologies Corp <UTX.N> will invest more than $15 billion (11.2 billion pounds) in research and development and capital spending in the United States over the next five years, the maker of Pratt & Whitney aircraft engines said on Wednesday.

The Farmington, Connecticut-headquartered company also plans to hire 35,000 people over that time.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Sai Sachin Ravikumar)

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