United Technologies sells Goodrich power system

Mar 26, 2013

United Technologies Corp. is selling a former Goodrich Corp. electric power systems business for about $400 million.

The Hartford, Conn., aerospace said Tuesday that it sold the business to Safran SA, a French aerospace manufacturer for about $400 million.

The sale is the second of two divestitures required by regulators as a condition of United Technologies' $18.4 billion purchase of Goodrich, a manufacturer of airplane parts. United Technologies announced on March 18 the sale of a pump and engine control systems business owned previously by Goodrich.

The Justice Department last year said the Goodrich deal would have combined the only two significant suppliers of large main engine generators for aircraft.

shares fell 15 cents to close at $92.65.

Explore further: Mexico City proposes regulations for Uber

0 shares

Related Stories

UTC to sell Rocketdyne unit to GenCorp for $550M

Jul 23, 2012

(AP) — United Technologies is selling its engine division unit to aerospace manufacturer GenCorp Inc. for $550 million as the conglomerate raises money for its largest acquisition and solidifies its core aerospace business.

United Tech to sell units to BC, Carlyle for $3.5B

Jul 26, 2012

(AP) — United Technologies Corp. said Wednesday that is selling three industrial-products businesses for $3.46 billion as it seeks to fund its proposed acquisition of aerospace-parts maker Goodrich Corp.

United Tech sees sales rising with Goodrich buy

Dec 13, 2012

United Technologies Corp. says its purchase of aircrafts parts maker Goodrich Corp. will drive revenue growth next year, helping overcome Europe's weak economy and less U.S. defense spending.

Recommended for you

Mexico City proposes regulations for Uber

23 hours ago

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.