Thursday, February 9, 2012

UT eyeing sale

United Technologies is studying the sale of a pump- and compressor-making division to raise cash for the planned purchase of aerospace supplier Goodrich Corp., according to Bloomberg, citing people with knowledge of the matter. Also under way is an effort to find a buyer for Pratt and Whiteny Rocketdyne, which makes engines for civilian and military rockets, the same sources said. (Source: Bloomberg, 02/09/12) Gulf Coast note: Pratt and Whitney Rocketdyne has an operation at Stennis Space Center, Miss.; Goodrich owns the Alabama Service Center in Foley, Ala.