United Technologies Corp. (UTC) closed on its record-making $30 billion acquisition of Rockwell Collins Nov. 26, and announced it will spin off non-aerospace business units Carrier and Otis Elevator Co. and become a pure-play, potentially $50 billion Tier 1 aerospace parts, engines and services provider. Long expected by Wall Street, UTC’s breakup heralds an end to an era of industrial conglomerates participating in aerospace and defense, as Honeywell, General Electric and others also ...

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