The European Commission (EC) has opened an in-depth investigation into United Technology Corp.’s (UTC) proposed acquisition of Goodrich after its preliminary investigation indicated potential competition concerns, the EC said Tuesday. UTC announced in September 2011 that it intended to buy Goodrich for $16.5 billion (ATW Daily News, Sept. 23, 2011). The EC said it is concerned that removing Goodrich as an independent supplier of fuel nozzles and engine controls, especially for ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.