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Triumph Group To Acquire UTC’s Pump And Engine Control Systems Business

Defense Daily Staff Defense Daily Staff
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Triumph Group [TGI] and United Technologies Corp. [UTX] on Friday said that Triumph has agreed to acquire the former Goodrich Corp. pump and engine control systems business from UTC, giving Triumph capabilities in a market that it doesn’t currently serve. Terms of the deal, which is expected to close in the first quarter of 2013, were not disclosed. Triumph said that the acquisition would add $195 million in annual sales and be immediately accretive to earnings. The Goodrich Pump and…

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