United Technologies to sell Pratt & Whitney Power Systems for $1 billion

• 11 years ago (2012-06-19)
• David Flin

North America 998 Renewables 752

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United Technologies Corporation has announced that it intends to sell its power generation assets for about $1 billion. No potential buyer has yet been identified.

Pratt & Whitney Power Systems, a United Tech subsidiary, makes industrial gas turbines and geothermal power systems.

It has been reported that United Technologies, based in Connecticut, USA, is seeking to raise about $1 billion to help pay for its purchase of the aerospace parts manufacturer Goodrich Corporation.