EU balks over merger

The European Commission is taking a closer look at the proposed $16.5 billion merger between United Technologies and Goodrich. One of the concerns is the high market share of a combined UT/Goodrich in areas such as engine controls and power generators, where UT's Hamilton Sundstrand unit and Goodrich are competitors. UT unveiled the takeover in September last year, which would reinforce its presence in the civilian aerospace market. Hartford, Conn.-based UT's aviation activities include Sikorsky and Pratt and Whitney. It makes an array of products, including rocket engines, helicopters and elevators. Charlotte, N.C.-based Goodrich makes aircraft equipment including landing gears and electrical power systems. (Sources: Reuters, Bloomberg, 03/27/12) Previous. UT's Pratt and Whitney Rocketdyne assembles and tests rocket engines at Stennis Space Center, Miss.