UTC Closes In On PWR Sale

United Technologies is expected to complete the sale of its Pratt & Whitney Rocketdyne rocket propulsion arm within the next two weeks as part of efforts to raise $3 billion to help finance its acquisition of Goodrich Corp.
Although the rocket maker declines to comment, Aviation Week understands final paperwork is in the process of being signed for the company’s sale to a private equity group. UTC originally put Pratt ...

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