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.