Sikorsky

Members of Connecticut's Congressional delegation are using the unrest in Ukraine to push for the sale of more Connecticut-made Sikorsky helicopters. But they have competition from lawmakers using for helicopters manufactured in other states.

Malloy signs $400M tax credit deal for UTC

May 9, 2014

Connecticut Governor Dannel Malloy signed a law Friday  establishing a $400 million tax credit deal with United Technologies Corporation. The company can redeem the earned research and development tax credits at an accelerated rate. In return, UTC must spend up to $500 million to upgrade and expand facilities at Pratt & Whitney in East Hartford, Sikorsky in Stratford and UTC Aerospace in Windsor Locks.

The Connecticut Senate has approved a bill that would allow United Technologies Corporation to use $500 million in state tax credits to upgrade and expand its facilities in the state. The bill passed by a vote of 34 to 2 on Thursday.

Craig LeMoult

U.S. Senator Richard Blumenthal and Congresswoman Rosa DeLauro said Wednesday that they're concerned about the impact that the budget cuts known as the sequester will have on defense spending and other federal programs. They spoke after a tour of Sikorsky Aircraft in Stratford, Connecticut.