UTC Weighs $1 Billion Pratt Asset Sale: Sources

By Soyoung Kim and Andrea Shalal-Esa/Reuters

United Technologies is already selling several other noncore businesses in an effort to fund its Goodrich takeover, including the industrial businesses of its Hamilton Sundstrand unit that make pumps and compressors.

Hartford, Connecticut-based United Technologies also owns Otis elevators and escalators, as well as helicopter maker Sikorsky, among other holdings.

Chief Financial Officer Greg Hayes also said last week that the company has recently completed a review of its fire and security operations and is considering selling some of that portfolio as well.

Shares of United Technologies were up 0.7 percent at $75.00 on Monday afternoon on the New York Stock Exchange.

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