Goodrich to buy Italian company

Goodrich Corp. plans to buy Italian aerospace control system maker Microtecnica for $462 million. Microtecnica, which employs 700 people in Italy and the United Kingdom, makes flight control actuation systems for helicopters, regional and business aircraft and missiles, as well as thermal and environmental control systems. The sale is scheduled to close before the end of June. Goodrich, based in Charlotte, N.C., employs more than 700 people in Foley, Ala. (Source: Mobile Press-Register, Goodrich, 04/01/11)