HARTFORD, Conn. (AP) -- A week after agreeing to buy Goodrich Corp., United Technologies Corp. said Wednesday that it will combine several of its other businesses.
The company said it will combine the Carrier heating and cooling unit and its Fire & Safety business into one division called UTC Climate, Controls and Security Systems. The Pratt & Whitney jet engine manufacturing business and the Hamilton Sundstrand aerospace and industrial products supply business will also be combined into one unit, UTC Propulsion and Aerospace Systems.
United Technologies said the new structure will allow it to serve its customers better and improve its sales growth.
The company named Geraud Darnis, 51, president and CEO of UTC Climate, Controls and Security Systems, while Alain Bellemare, 50, was named president and chief operating officer of UTC Propulsion and Aerospace Systems. United Technologies also named Michael Dumais, 44, president of Hamilton Sundstrand. All the appointments are effective immediately.
The company said the businesses will report their results separately for the rest of 2011.
United Technologies Corp. said Sept. 21 that it will buy Goodrich, an aerospace and defense company, for about $16.4 billion in cash. Goodrich makes a variety of aircraft components including landing systems, wheels and brakes, along with systems for military aircraft. United Technologies said the deal will make it a $66 billion company, with almost half its revenue coming from aerospace.
Shares of United Technologies fell $1.30 to $71.85 on Wednesday, and the stock rose 33 cents to $71.18 in aftermarket trading.
