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Reuters Industry Summit

The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. REUTERS/Robert Sorbo/Files

Aerospace and Defense

Defense budgets are not declining as sharply as some had feared, but companies are scrambling to ensure continued earnings growth. Get exclusive insight into the defense sector from the Reuters Aerospace and Defense Summit.  Full Coverage 

    United Technologies ready to buy GE unit: report

    NEW YORK
    Wed Nov 11, 2009 6:42am EST

    Stocks

       

    NEW YORK (Reuters) - United Technologies (UTX.N) in nearing a purchase of General Electric Co's (GE.N) fire alarm and security systems unit for at least $1.8 billion, and a deal could be announced as early as Thursday, Bloomberg reported on Tuesday.

    Bloomberg cited two people familiar with the matter.

    A United Technologies spokesman declined to comment. A GE spokeswoman was not immediately available for comment.


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