Breaking News Bar
updated: 3/18/2013 1:52 PM

United Technologies sells Goodrich pump business

hello
Success - Article sent! close
 
Associated Press

HARTFORD, Conn. -- United Technologies Corp. says it has completed the sale of a pump and engine control systems business owned previously by airline parts maker Goodrich Corp.

The Hartford, Conn., aerospace conglomerate said Monday it sold the business to Triumph Group Inc. of Berwyn, Pa., for an undisclosed sum.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Selling the pump and engine control systems unit was one of the divestitures required by regulators as a condition of United Technologies' $18.4 billion purchase of Goodrich.

United Technologies also said it has an agreement to sell a Goodrich electric power systems business, which must be approved by regulators.

The Justice Department last year said the original deal would have combined the only two significant suppliers of large main engine generators for aircraft in the world and resulted in higher prices, less favorable contractual terms and less innovation for aircraft components.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.