United Technologies to acquire Goodrich

  • 03-Oct-2011 11:40 EDT

United Technologies Corp. has reached agreement to purchase Goodrich Corp. for $127.50 per share in cash, equating to a total enterprise value of $18.4 billion, including $1.9 billion in net debt assumed. The combined company's increased scale, financial strength, and complementary products will strengthen United Technologies' position in the aerospace and defense industry. Goodrich is a global supplier of systems and services to the aerospace and defense industry. Its products include aircraft landing gear, aircraft wheels, and brakes. Goodrich, with estimated 2011 sales of $8 billion, serves a global customer base with 27,000 employees worldwide. Marshall Larsen, now Chairman, President, and Chief Executive Officer of Goodrich, will become Chairman and Chief Executive Officer of a combined UTC Aerospace Systems business unit. The senior leadership team of the combined business will be located in Charlotte, NC.

Sector:
Topic:
Share
HTML for Linking to Page
Page URL
Grade
Rate It
5.00 Avg. Rating

Read More Articles On

2017-07-31
Boeing and Tata Advanced Systems Limited announced delivery of the first crown and tailcone assembly for the Indian configuration of the CH-47F Chinook helicopter.

Related Items

Book
2004-01-01
Technical Paper / Journal Article
2011-04-12
Technical Paper / Journal Article
2011-04-12