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Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: New Constructs, LLC
Provider: MacroRisk Analytics/EconomicInvestor

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United Technologies Corp Closes Sale Of Substantially All Operations Of Pratt & Whitney Rocketdyne Unit To Gencorp Inc

Friday, 14 Jun 2013 01:20pm EDT 

United Technologies Corp announced it has closed on the sale of substantially all operations of its Pratt & Whitney Rocketdyne unit to Gencorp Inc, except for its interest in the RD Amross joint venture. This interest is expected to transfer to GenCorp following regulatory clearances in Russia. The sale of Pratt & Whitney Rocketdyne concludes UTC's portfolio transformation activities, enabling the Company to focus on its core aerospace and commercial businesses. 

Company Quote

-1.38 -1.19%
4:06pm EDT