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UTC Aerospace Systems Celebrates First Year Anniversary

Stocks in this article: UTX

CHARLOTTE, N.C., July 30, 2013 /PRNewswire/ -- UTC Aerospace Systems recently celebrated its first anniversary, one year after United Technologies acquired Goodrich Corporation. UTC Aerospace Systems (UTAS) is a unit of United Technologies Corp. (NYSE: UTX).

"When we finalized the Goodrich acquisition last year we said it would be good for customers, shareholders and employees," said Mike Dumais, President of the Power, Controls & Sensing Systems segment of UTAS. "We are already seeing the benefits we can offer customers through our technology capabilities, increased scale, global footprint and complementary products."

Following the closing of the acquisition, UTC combined its Hamilton Sundstrand unit with Goodrich to form UTC Aerospace Systems.

"Our first year as UTC Aerospace Systems has been a tremendous success," said Curtis Reusser, President of the Aircraft Systems segment. "Our capability in multiple aircraft systems, our culture of innovation and our strong backlog of new business give us tremendous confidence in our ability to serve customers with the systems they need for more intelligent and more integrated aircraft."

UTC Aerospace Systems companies worldwide employ more than 40,000 people, with operations at more than 160 locations. UTC Aerospace Systems provides a comprehensive array of systems, components and support agreements serving a range of customers from original equipment manufacturers that build aircraft and helicopters, to engine manufacturers, and airlines, as well as defense agencies and contractors.

"In our first year we have seen our employees embrace change while keeping a strong focus on our customers and winning new business," said Cindy Egnotovich, President, Customer Service. "UTC Aerospace Systems has worked very hard to win the confidence of our customers and to deliver on our commitments."

UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities.

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