United Technologies Corp. Chief Executive Officer Louis Chenevert’s pursuit of Goodrich Corp. started in a conversation with CEO Marshall Larsen and ended with a celebratory dinner at a Manhattan hotel.
United Technologies Corp. agreed to buy Goodrich Corp. for $16.5 billion, adding a maker of aircraft landing gear and jet-turbine casings to take advantage of a record surge in commercial plane orders.
United Technologies Corp. rose the most among Dow Jones Industrial Average stocks after boosting the lower end of its 2013 profit forecast and reporting second- quarter earnings that beat analysts’ estimates.
United Technologies Corp. agreed to sell its Hamilton Sundstrand industrial unit to Carlyle Group LP and BC Partners for $3.46 billion as the company raises cash to pay for aerospace supplier Goodrich Corp.
Pratt & Whitney said it’s working with Commercial Aircraft Corp. of China Ltd. on proposals for a new wide-body jet after Boeing Co. and Airbus SAS, the biggest planemakers, opted for other power plants.
United Technologies Corp ., the maker of Pratt & Whitney jet engines and Carrier air conditioners, forecast 2011 net income and sales that trailed some analysts’ estimates, sending shares lower in late New York trading.