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Monday, October 3, 2011

Goodrich buys aviation life-raft business, (NYSE: GR), (NYSE: UTX)

Goodrich Corp (GR.N), the aircraft parts maker that is set to be acquired by United Technologies Corp (UTX.N), said on Monday it acquired Winslow Marine Products, which provides life rafts for business jets and commercial helicopters. Terms weren't disclosed. Privately held Winslow will become part of Goodrich's interiors business. The company, founded in 1941, employs about 70 people at its Lake Suzy, Florida, facility. United Tech moved to bolster its presence in the commercial aerospace market last month by announcing a $16.5 billion cash deal for Goodrich, its biggest acquisition yet, expected to close in mid-2012.

Goodrich Corporation (Goodrich) is a supplier of aerospace components, systems and services to the commercial and general aviation airplane markets. Shares of GR remained unchanged at $120.68. In the past year, the shares have traded as low as $72.93 and as high as $122.33. On average, 3032830 shares of GR exchange hands on a given day and today's volume is recorded at 5259.

United Technologies Corporation (UTC) is a provider of technology products and services to the building systems and aerospace industries worldwide. Shares of UTX remained unchanged at $70.36. In the past year, the shares have traded as low as $67.12 and as high as $91.83. On average, 6157620 shares of UTX exchange hands on a given day and today's volume is recorded at 11007.



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