United Technologies, Boeing Join in Bid

United Technologies Corp. and Boeing Co. plan to team up to bid for a proposed search and rescue helicopter order for the Air Force that could be valued at more than $2 billion, sources close to the agreement said.

Boeing Air Force Systems would be the lead system integrator in the joint bid with Sikorsky Aircraft, the helicopter unit of United Technologies, for the contract to manufacture up to 146 Personnel Recovery Vehicles for the U.S. military, the sources said.