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Pratt & Whitney Acquires Spacecraft And Missile Components Supplier

United Technologies [UTX] yesterday said that its Pratt & Whitney division has acquired New Jersey-based ARDE, Inc., a small business that manufacturers components for spacecraft and missile propulsion systems. Terms of the deal were not disclosed. ARDE will report to Pratt's Rocketdyne business unit. "The addition of ARDE to Pratt & Whitney Rocketdyne enhances our offering of superior quality, leading edge products and services to our customers," Jim Maser, president of Pratt & Whitney Rocketdyne, said in a statement. "We…

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Congress Updates

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