Mitsubishi Heavy Industries Buys Pratt & Whitney Power Systems from United Technologies
Posted on December 13, 2012 at 03:07 AM EST
SUGAR LAND--December 13, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--At the start of this week, there were rumors around the trade show floor at Power-Gen International that Pratt & Whitney was being bought out. This morning, the rumors were confirmed when it was announced that United Technologies (NYSE:UTC) (Hartford, Connecticut), the parent company that owns Pratt & Whitney, had agreed to terms of sale for the Pratt & Whitney Power Systems unit with Mitsubishi Heavy Industries (MHI) (OTC:MHVYF) (Tokyo, Japan). Other companies featured: Hitachi Limited (OTC:HTHIY) , General Electric (NYSE:GE)