Tuesday, March 26, 2013
HARTFORD, Conn. -- United Technologies Corp. said today that it completed the sale of the former Goodrich electric power systems business to Safran for about $400 million. Sale of the electric power systems unit was one of the two divestitures required by regulatory authorities as a condition of UTC's acquisition of Goodrich Corp. UTC completed the sale of the other unit, the legacy Goodrich pumps and engine controls business, earlier this month. (Source: PRNewswire, 03/26/13) Previous Gulf Coast note: UT's Rocketdyne, which has an operation at Stennis Space Center, Miss., is being sold to GenCorp.; Goodrich has an operation in Foley, Ala.; Safran is building a $2 million engineering center in Mobile, Ala.