Thursday, September 22, 2011

United Technologies to buy Goodrich for $16.4B

By The Associated Press  BREE FOWLER (AP Business Writer)

Quick Read United Technologies to buy Goodrich for about $16.4B in cash, expanding its aerospace business

(AP) -- United Technologies Corp. said it will buy Goodrich Corp. for about $16.4 billion in cash, calling the aerospace and defense company a perfect addition that will allow it to take advantage of rapidly growing demand for aircraft components.

The Hartford, Conn.-based industrial conglomerate already owns jet engine manufacturer Pratt & Whitney as well as Carrier heating and cooling, Otis...

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