United Technologies nets $400M in second divestiture
Aerospace conglomerate sold business to French manufacturer Safran SA
March 27, 2013
by The Associated Press
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.
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The Justice Department last year said the Goodrich deal would have combined the only two significant suppliers of large main engine generators for aircraft.
