United Technologies nets $400M in second divestiture
by The Associated Press
Aerospace conglomerate sold business to French manufacturer Safran SA
HARTFORD, Conn.—United Technologies Corp. is selling a former Goodrich Corp. electric power systems business for about $400-million.
The Hartford, Conn., aerospace conglomerate said it sold the business to Safran SA, a French aerospace manufacturer.
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.
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