Friday, January 16, 2015

UTC splits propulsion, aero systems

United Technologies Corp. on Thursday said it will eliminate UTC Propulsion and Aerospace Systems and create two stand-alone business units: engine-maker Pratt and Whitney and UTC Aerospace Systems. Alain Bellemare, president and chief executive officer of UTC Propulsion and Aerospace Systems, elected to leave the company at the end of the month but continue serving as a consultant. The company said creation of the two stand-alone business units is the result of Bellemare's decision along with the successful integration of Goodrich Corp., purchased in 2012. UT Aerospace Systems has 160 locations in 26 countries, including Foley, Ala., and has nearly 42,000 employees. UTC is based in Hartford, Conn.  (Sources: multiple, including UTC, Wall Street Journal, Bloomberg, 01/15/15) Gulf Coast note: The UTC Foley aerostructures unit designs, builds and supports nacelle systems for both civilian and military aircraft and operates the Alabama Service Center, a maintenance, repair and overhaul site dedicated to nacelle components.