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Business/Financial

UTC Closes Goodrich Acquisition

Defense Daily Staff

Friday, July 27th, 2012

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United Technologies Corp. [UTX] yesterday said it has completed is $18 billion acquisition of Goodrich Corp. after obtaining final regulatory approvals in the United States and Europe. The deal strengthens UTC's positions in the aerospace and defense markets. UTC said that the regulatory clearances require the company to sell Goodrich’s Electric Power Systems, and its Pumps and Engine Controls businesses. UTC will also sell Goodrich’s interest in the Aero Engine Controls joint-venture with Britain’s Rolls-Royce. These divestments were expected, UTC…

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