Friday, July 27, 2012

UT finalizes Goodrich deal

HARTFORD, Conn. -- United Technologies Corp. has completed its $18.4 billion acquisition of Charlotte, N.C.-based Goodrich Corp. To satisfy antitrust concerns, United Technologies must sell several units, including Goodrich's engine control systems unit, and Goodrich's shares of Aero Engine Controls, an aircraft turbine manufacturing joint venture with Rolls-Royce. Goodrich will be combined with Hamilton Sundstrand to create the new UTC Aerospace Systems business unit, headquartered in Charlotte. (Source: PRNewswire, 07/26/12, Charlotte Observer, 07/27/12) Gulf Coast note: Goodrich operates a center in Foley, Ala. Previous