United Technologies finalizes Goodrich acquisition

Charlotte, NC--Aerospace products and services provider United Technologies (NYSE:UTX; Hartford, CT) has acquired Goodrich Corp., whereby Goodrich and Hamilton Sundstrand will combine to create the new UTC Aerospace Systems business unit, headquartered in Charlotte.

Marshall Larsen, formerly Goodrich's chairman and CEO, will join the United Technologies Board of Directors—his formal election is expected at the next scheduled Board meeting on September 12, says UTC chairman and CEO Louis Chenevert.

And effective immediately, Alain Bellemare will become president and CEO of UTC Propulsion & Aerospace Systems. Bellemare will have leadership responsibility for Pratt & Whitney and for the newly created UTC Aerospace Systems. The presidents of Pratt & Whitney and of UTC Aerospace System's two businesses—Aircraft Systems and Power, Controls & Sensing Systems—will report to him.

Along with the Goodrich acquisition, United recently acquired a majority share in International Aero Engines (Glastonbury, CT).

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