The corporate owner of a Troy aerospace components manufacturer plans to split into three independent companies, the company has announced.
United Technologies Corp. (UTC) completed its acquisition of Rockwell Collins, and the company intends to separate its commercial businesses, Otis and Carrier, into independent entities, UTC said. The separation will result in three companies.
At this point, UTC has only announced its intention to separate into three companies, but that process is expected to take 18 to 24 months, said UTC spokesman, Al Killeffer.
Farmington, Conn.-based United Technologies, comprised of Collins Aerospace Systems and Pratt & Whitney, will supply the aerospace and defense industry; Collins Aerospace was formed through the combination of UTC Aerospace Systems and Rockwell Collins, the company said.
UTC Aerospace Landing Systems in Troy will be part of Collins Aerospace, the company said.
A Collins Aerospace/UTS Aerospace Systems web site counted the Troy plant among its locations Thursday. The company also has a government programs office at Riverside at 5100 Springfield St.
The local plant makes wheels and brakes for aircraft.
“As far as impact to the site, it’s business as usual,” Killeffer said of the Troy plant. “A goal in designing the new Collins Aerospace organization is to limit disruption.”
In 2012, UTC acquired Goodrich Corp., which at the time had about 725 workers at its aircraft wheels and brakes division in Troy. That 101 Waco St. facility then became part of UTC Aerospace Systems.
In 2014, UTC Aerospace Systems picked its Troy facility as the headquarters of a then newly-formed Landing Systems business unit.
The split will also create Otis, a manufacturer of elevators, escalators and moving walkways; and Carrier, a provider of heating, ventilation and air-conditioning equipment, with other products in its portfolio.
“Our decision to separate United Technologies is a pivotal moment in our history and will best position each independent company to drive sustained growth, lead its industry in innovation and customer focus, and maximize value creation,” Gregory Hayes, United Technologies chairman and chief executive, said in a release.