Canadian Manufacturing

United Technologies nets $400M in second divestiture

by The Associated Press   

Canadian Manufacturing
Operations Aerospace mergers and acquisitions

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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