United Technologies (NYSE:UTX) signs deal to sell its Pratt & Whitney Power Systems unit

  on Dec 17,2012 Posted in Business News ,Finance
 
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United Technologies Corporation (NYSE:UTX) recently declared that the company has inked a deal to sell its East Hartford-based Pratt & Whitney Power Systems unit to Mitsubishi Heavy Industries. Florida-based Mitsubishi Power Systems has a major plant in Savannah, Ga.

It was stated by the Sonia Williams for Japan’s Mitsubishi Heavy Industries, which operates the Georgia plant, said that the company expects that Pratt & Whitney Power Systems will continue to operate as it has.

As per statement by the Bryan Kidder, the total staff at Pratt operation has 380 workers which represent about half in East Hartford. Kidder further stated that the sale is set to be completed in the Q2 of 2013.

Pratt Power Systems manufactures industrial gas turbines and geothermal power systems with the help of Pratt’s jet engine technology; the systems produce electricity for businesses and cities. It has approximately 2,000 industrial gas turbines installed in about 50 countries.

United Technologies Corporation (NYSE:UTX) total value after the recent close was $73.31 billion and the enterprise value according to yahoo data was $95.76 billion. The previous 12 month price to sales ratio was 1.26. The company showed 9.93% as a profit margin in the last twelve months and an operating margin at 13.93%. Return on equity was 21.99% for the last twelve months. Return on assets was 7.26%.

Taking a look at some competitors, total value of The Boeing Company (NYSE:BA) in the stock market was $55.82 billion and the takeover value of the company was $55.89 billion. The last twelve month price to sales ratio for the company was 0.71. It had a 5.46% as profit margin in the last twelve months and an operating margin at 7.95%. Return on assets was 5.46%.

The total value of General Electric Company (NYSE:GE) after the latest trading session was $226.71 billion and their enterprise value was $572.73 billion. The prior 52 week price to sales ratio was 1.59. The company recorded a profit margin of 9.90% for the prior 12 months and had an operating margin of 11.38%. Return on equity for this stock was 11.56% while return on assets appeared at 2.01%.

PepsiCo, Inc. (NYSE:PEP) market capitalization after the most recent trading session was $108.53 billion and the enterprise value was $130.76 billion. Price to sales ratio for the prior 52 weeks 1.65.

 

 



 

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