United Technologies Corporation has created a new UTC Aerospace Systems business unit by acquiring aerospace parts maker Goodrich Corporation and combining it with UTC’s Hamilton Sundstrand Space Systems, which has been making spacesuits, life-support equipment and other components for America’s space program for nearly 50 years.
To finance its Goodrich acquisition, UTC has agreed to sell Pratt & Whitney Rocketdyne to GenCorp (owner of Aerojet) for $550 million. The company will also sell its Hamilton Sundstrand Industrial unit to BC Partners and The Carlyle Group for $3.46 billion. The industrial unit manufactures highly engineered, mission-critical pumps and compressors for the global industrial, infrastructure and energy markets.
From the UTC press release:
The increased scale, financial strength and complementary products resulting from the Goodrich acquisition significantly advance United Technologies’ aerospace leadership at a time when the commercial aerospace industry is poised for growth.
“Throughout the history of our company, we have made many acquisitions, but Goodrich is among the few that stand out as truly transformational,” said UTC Chairman & Chief Executive Officer Louis Chênevert. “Adding the talented people, great technology and culture of innovation that has defined Goodrich truly positions us to better serve our aerospace customers with more advanced, integrated solutions for the next generation aircraft.
“The addition of Goodrich, along with our recent acquisition of a majority share in International Aero Engines, greatly advances our strategy of focusing on our core businesses and strengthens our position in the growing commercial aerospace market,” he continued.
UTC also announced that Marshall Larsen, formerly Goodrich’s chairman and chief executive officer, is slated to join the United Technologies Board of Directors. Larsen is expected to be formally elected at the next scheduled meeting of UTC’s board on Sept. 12, 2012.
“Marshall’s global business experience and remarkable record of accomplishment while leading Goodrich will make him a valuable addition to UTC’s Board of Directors,” Chênevert said. “I look forward to continuing to work with him and to welcoming him to our board.”
In addition, effective immediately, Alain Bellemare is appointed President & Chief Executive Officer of UTC Propulsion & Aerospace Systems. Bellemare will have leadership responsibility for Pratt & Whitney and for the newly created UTC Aerospace Systems. The presidents of Pratt & Whitney and of UTC Aerospace System’s two businesses – Aircraft Systems and Power, Controls & Sensing Systems – will report to him.
“Alain’s strong customer relationships, deep knowledge of the global aerospace markets, and proven leadership capabilities – most recently demonstrated during Goodrich integration planning – will serve him well and enable UTC Propulsion & Aerospace Systems to deliver unmatched value to customers and shareholders,” Chênevert said.
Visit the new UTC Aerospace Systems website at www.utcaerospacesystems.com.
According to a company fact sheet, Hamilton Sundstrand Space System’s programs have included:
Orion Multi-Purpose Crew Vehicle: Hamilton Sundstrand is developing the Environmental Control and Life Support (ECLS), Active Thermal Control, and Power Management and Distribution (PMAD) systems for the re-christened Orion, now NASA’s Multi-Purpose Crew Vehicle (MPCV), which will carry up to four astronauts beyond low earth orbit on space exploration missions lasting up to 21 days. Under contract to Lockheed Martin, we will furnish a wide array of hardware and systems for the MPCV. Our ECLS systems include cabin air ventilation, sublimator, waste management system, fire detection and suppression, CO2 removal/humidity control, pressure control system, atmospheric monitoring and smoke detection, EVA O2 supply, and potable/cooling water storage. Our active thermal control system provides cooling for the MPCV and includes an ammonia boiler, accumulator, water pump, control valves, cold plates, and ammonia storage. Our PMAD systems include the station power transfer unit, power transient protection unit, power and data units, portable equipment panel, and auxiliary bus control unit.
OneEVA (Extravehicular Activity): The OneEVA Program consists of five industry team members led by Hamilton Sundstrand to support EVA and NASA’s Extravehicular Mobility Unit (EMU) space suit. This integrated EVA program encompasses operational support, sustaining engineering, hardware enhancements, and mission planning and processing under NASA’s EVA Space Operations Contract (ESOC). Under the ESOC contract, Hamilton Sundstrand will support on-orbit EVA operations for the International Space Station thorough 2020. The EMU is comprised of life support and spacesuit pressure garment hardware, associated software, and EVA tools. The EMU has accrued 2,300 hours of EVA over a 30-year period of performance.
International Space Station: Hamilton Sundstrand provides a number of systems and components for the International Space Station including those that manage electrical power and process ISS air, water, and waste streams. Systems include: water processor assembly, Sabatier reactor water generator, water pump package, common cabin air assembly, major constituent analyzer, Active Thermal Control Systems (ATCS) cold plates, valves, pump and control valve package, HEPA filter, cabin fan assembly, bacterial filter assembly, intermodule ventilation fan, oxygen generator assembly, avionics air assembly, ATCS heat exchangers, metal oxide regenerable CO2 removal, electric power control unit, and pump and flow control sub-assembly. We developed the electrical power system for the ISS from the solar arrays, the power management and distribution system, batteries, to the “outlets” providing power to ISS equipment. We are under contract to provide new Li-Ion storage batteries to replace the existing NiH2 batteries.
Space Shuttle: Hamilton Sundstrand provided a number of Space Shuttle systems including the Atmosphere Revitalization System, the Fuel Cells, Auxiliary Power Units, flight control surface actuation, and Active Thermal Control System. Specific hardware components included: ambient temperature catalytic oxidizer, regenerable CO2 removal system, waste collector subsystem, Freon coolant loop components, water spray boiler, Orbiter and Solid Rocket Booster auxiliary power units, rudder/speed brake actuators and power drive unit, body flap actuators and power drive unit, flash evaporator subsystem, cabin air fan assembly, heat exchangers, water pump packages, and avionics cooling assembly.