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Wednesday, April 7, 2010 as of 11:14 AM ET

Pratt & Whitney

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Pratt & Whitney is a U.S.-based aerospace manufacturer with global service operations. It is a subsidiary of United Technologies Corporation (UTC).

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Get updates on Pratt & Whitney
United Technologies Brings 6-Part Deal To US Bond Market

United Technologies Corp.

(UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A deal size hasn't been determined, but a ratings action from Moody's Investors Service suggests the company proposed issuing $9.5 billion. A banker working on the deal expected it to be in the range of $8 billion to $10 billion. Syndicate desks still need to make a final call with United, one banker said.That would make it the largest deal of 2012 or 2011, according to Dealogic.Fitch Ratings notes the company plans to issue between $9 billion and $11 billion of debt to help fund the acquisition, which is expected to occur in mid-2012. The Hartford, Conn., company builds aircraft engines, helicopters, elevators, and other industrial systems.The offering comes on the same day that Pratt & Whitney, United's largest unit by net sales, said it would lay off 300 salaried employees in an effort to contain costs.The bond deal consists...

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  10. Pentagon Ends GE, Rolls-Royce F-35 Contract

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  1. GKN Plans GBP800 Million Acquisition Of Volvo Aircraft Operations - Report

    British engineering company GKN PLC (GKN.LN) is in advanced talks for an GBP800 million deal to buy Volvo AB's (VOLV-B.SK) aircraft business, the Sunday Times report...

  2. PRESS RELEASE:Pratt & Whitney Wins $200 Million Engine Order From Korean Air

    Pratt & Whitney Wins $200 Million PW4000 Advantage70(TM) Engine Orderfrom Korean AirPR NewswireSINGAPORE, Feb. 14, 2012SINGAPORE, Feb. 14, 2012 /PRNewswire/ -- SINGA...

  3. PRESS RELEASE:Asiana Airlines Selects Pratt & Whitney Fleet Management Program

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  4. Rolls-Royce Sees Continued Growth As Earnings, Orders Rise

    Engine maker Rolls-Royce Group PLC (RR.LN) Thursday said it expects continued growth in 2012 as reported a strong rise in earnings in 2011 and raised its dividend by...

  5. UTC 4Q Net Rises 11% as Profits Climb at Aircraft Unit

    Carried by stronger profits at its Pratt & Whitney aircraft division, United Technologies (NYSE:UTX) posted an 11% jump in fourth-quarter profits on Wednesday.The bl...

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    Rolls-Royce PLC (RR.LN) welcomed Friday the U.S. lifting of probationary status for the F-35B Lightning II fighter jet after success with tests in 2011.Rolls-Royce's...

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    An old joke contends that a sculptor's job is easy: To make a statue of an elephant, just take a block of stone and cut away everything that doesn't look like an ele...

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