Reuters cites unnamed sources that say UTC is in the process of examining whether to spin off Sikorsky or merge the business with Textron through a tax-free transaction.
Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) have also emerged as potential acquirers of the helicopter manufacturer, according to the report.
A U.S. executive of Airbus Group told Reuters the company is keeping a close eye on UTC’s strategic options for Sikorsky.
UTC’s board of directors plans to hold a meeting this week to discuss a business review of Sikorsky, which is valued at approximately $8 billion, the report said.