Commercial Aerospace

United Technologies to divest UTC Power unit to ClearEdge Power

Dec. 26, 2012

HARTFORD, Conn., 26 Dec. 2012. United Technologies Corp. (NYSE:UTX) will divest its UTC Power fuel cells unit to ClearEdge Power in Hillsboro, Ore.

Courtney E. Howard

HARTFORD, Conn., 26 Dec. 2012.United Technologies Corp. (NYSE:UTX) will divest its UTC Power fuel cells unit to ClearEdge Power in Hillsboro, Ore.

Divesting UTC Power is part of UTC's ongoing portfolio transformation to focus on its core, aerospace and building systems.

Terms of the agreement were not disclosed. The transaction is subject to customary closing conditions. Closing is expected early in 2013.

About the Author

Courtney E. Howard | Chief Editor, Intelligent Aerospace

Courtney enjoys writing about all things high-tech in PennWell’s burgeoning Aerospace and Defense Group, which encompasses Intelligent Aerospace and Military & Aerospace Electronics. She’s also a self-proclaimed social-media maven, mil-aero nerd, and avid avionics and space geek. Connect with Courtney at [email protected], @coho on Twitter, on LinkedIn, and on Google+.

United Technologies to divest UTC Power unit to ClearEdge Power

Courtney E. Howard | Chief Editor, Intelligent Aerospace

Voice your opinion!

To join the conversation, and become an exclusive member of Military Aerospace, create an account today!

Latest in Commercial Aerospace

Airbus Racer helicopter tops 250 MPH in demonstration

NASA releases first integrated ranking of civil space challenges