United Tech to sell P&W power systems unit to Mitsubishi Heavy

Wed Dec 12, 2012 8:26am EST

Dec 12 (Reuters) - United Technologies Corp, the world's largest maker of elevators and air conditioners, said it will sell the power systems business of its aircraft engine unit, Pratt & Whitney, to Mitsubishi Heavy Industries.

"Divesting Power Systems allows UTC to focus on its core aerospace and commercial businesses," United Technologies said.

United Technologies said it expects the deal to close in the second quarter of 2013.

Terms of the agreement were not disclosed.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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