- CT Business News Journal

Goodrich, We Hardly Knew Ye

E-mail Print PDF
HARTFORD — United Technologies Corp. (UTC) is selling a company it acquired months ago.

UTC buy ambien Charlotte, N.C.-based electric power company Goodrich in August for $18.4 billion, and is selling its electric power systems unit to French aerospace and defense company Safran for $400 million. The Goodrich unit employs 560 workers. The sale is expected to close later this year or in early 2013.

Goodrich’s Pump & Engine Control System unit and its 500-strong workforce was also sold, this time to Cleveland-based aircraft component manufacturer TransDigm Group, for $236 million.

This is the second Connecticut company TransDigm has purchased within a year. It acquired Branford-based aircraft component maker Harco Laboratories for $83.3 million in December 2011.

The Goodrich sales were both parts of the requirements mandated by UTC’s purchase of the company, and come within two months of UTC cutting 150 jobs, half of which were in the Hartford area.

UTC’s aerospace branch, based in North Carolina, also recently inked a pair of contracts to supply equipment to the Cessna Aircraft Co. for its newest jet model. The equipment ranges from interiors ambien online wheels and brake systems.

Finance Stocks

Powered by Stock Trader
Powered by Stock Trader