The chief executive of the industrial conglomerate United Technologies Corp. has hinted that its fuel cell business could be sold.
CEO Louis Chenevert says United Technologies Corporation is scaling back the amount of stock to be issued to finance its $16.4 billion purchase of aerospace supplier Goodrich Corp.
United Technologies Corp. has announced the appointment of Pedro Baranda as the new president of its Otis Elevator Co. subsidiary.
United Technologies Corporation’s chairman and CEO Louis Chenevert has been chosen the 2011 Person of the Year of “Aviation Week & Space Technology” magazine.
The chief executive of United Technologies Corp. says the aerospace and building systems manufacturer expects revenue next year will miss Wall Street expectations as it absorbs a sizable acquisition.
United Technologies Corp. said Wednesday that its third-quarter profit jumped nearly 11 percent as orders rose in double digits at several aerospace and building systems businesses. The manufacturing conglomerate raised its forecast for the year.
United Technologies Corp. said it will buy Goodrich Corp. for about $16.4 billion in cash, calling the aerospace and defense company a perfect addition that will allow it to take advantage of rapidly growing demand for aircraft
Shares of Goodrich Corp. are soaring on reports that Hartford-based United Technologies Corp. is exploring a takeover of the aerospace manufacturer.
Yachting race officials say 21 crew members of a capsized vessel who were rescued off the coast of Ireland included the former chairman of United Technologies Corp.
United Technologies Corp.’s Carrier unit says it has acquired a controlling interest in China’s Shandong Fuerda Air Conditioner Equipment Co. Ltd.