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In July 2012, GenCorp, Inc. agreed to buy rocket engine producer Pratt & Whitney Rocketdyne from United Technologies Corporation for $550 million. [ 16 ] [ 17 ] [ 18 ] The FTC approved the deal on June 10, 2013, and it closed on June 17.
Pratt & Whitney is an American aerospace manufacturer with global service operations. [2] It is a subsidiary of RTX Corporation (formerly Raytheon Technologies). Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially airliners) and military aviation. Its headquarters are in East Hartford, Connecticut. [3]
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. [1] It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others.
On Wednesday, United Technologies announced that it will sell its Pratt & Whitney Power Systems unit to Mitsubishi Heavy Industries in a deal expected to close in the second quarter of 2013.
Spirit estimated the compensation agreement with Pratt & Whitney would improve its liquidity by between $150 million and $200 million. Spirit shares rose less than 1% in morning trading to $4.45 a ...
Pratt & Whitney supplies engines that power all of Airbus SE's A220 jets and about half of its A320neo aircraft, competing with GE-Safran joint venture CFM International. ... In Other News.
RTX Corporation, formerly Raytheon Technologies Corporation, [3] [4] is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia.It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.
The company currently employs around 2,000 people in Muscogee County and is set to significantly grow that number with this expansion.