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UTC Confirms Plans To Sell Rocketdyne Unit

Defense Daily Staff Defense Daily Staff
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United Technologies Corp. [UTX] yesterday said it plans to sell its rocket motors business and four other businesses as part of a portfolio reshaping as well to improve the financing plan for its pending acquisition of Goodrich [GR] and another business. The sale of the Rocketdyne unit, which is part of the Pratt & Whitney division, as well as the planned sale of Clipper Windpower, and the Milton Roy, Sullair and Sundyne units of the Hamilton Sundstrand division’s Industrial segment,…

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