The Traderszone Network

Published in TZ Latest News 14 June, 2015 by The TZ Newswire Staff

Aerospace supplier UTAS ready for acquisitions

Three years after its founding merger, UTC Aerospace Systems (UTAS) is ready to turn its attention to acquisitions and is assessing potential targets, its president said on Sunday. Until now, the aircraft components unit of United Technologies (UTX.N) has been focusing on integrating Goodrich, acquired by parent UTC for more than $16 billion in 2012 and combined with Hamilton Sundstrand to form UTAS. “I think that process has been successful and it now enables us to look at what’s next,” UTAS President David Gitlin told Reuters.