Textron To Buy UTC Aerospace Assets

Textron Aviation is to buy the assets of UTC Aerospace Systems at an undisclosed price, in a deal due to close on January 30.

Textron Aviation is to buy the assets of UTC Aerospace Systems at an undisclosed price, in a deal due to close on January 30.

UTC manufactures furnishings for Citation business jets and King Air turboprop aircraft, including galleys, sidewall tables, bulkheads and composite panels.

A spokesperson for Textron Aviation confirmed that the company will continue to operate from its current location and that most, but not all, employees will be retained.

UTC Aerospace is a unit of United Technologies Corporation, which owns Pratt & Whitney.

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