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UTC Buying Goodrich Corp. for $18.4B

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HARTFORD, Conn. and CHARLOTTE, N.C., Sept. 22, 2011 — United Technologies Corp. (UTC) announced Wednesday it will buy Goodrich Corp. for $18.4 billion in cash, or $127.50 per share, to strengthen its position in the aerospace and defense industries. Hartford-based UTC's products include Pratt & Whitney aircraft engines, Sikorsky helicopters, Carrier heating, air conditioning and refrigeration systems, Hamilton Sundstrand aerospace systems and industrial products, Otis elevators and escalators, UTC Fire & Security systems and UTC Power fuel cells. Goodrich Corp. and its 27,000 employees worldwide serve the aerospace, defense...Read full article

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    Published: September 2011
    acquistionaerospaceAmericasBusinesscamerasConnecticutdefenseGoodrich Corp.Goodrich ISR SystemsImagingindustrialInGaAs photodiodesLouis ChenevertMarshall LarsenNIR camerasNorth CarolinaPratt & WhitneySensors & DetectorsSensors UnlimitedSWIR camerastransactionUnited Technologies Corp.UTC Aerospace Systems

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