Wednesday, December 12, 2012

USA:

Pratt & Whitney Sells Turbine Unit to Mitsubishi (San Francisco Gate)

Pratt & Whitney is selling its turbine business in order to better focus more on its core aerospace and commercial businesses.

Terms of the sale of the Power Systems segment to Mitsubishi Heavy Industries were not disclosed Wednesday, but the deal is expected to close in the second quarter of 2013.

Pratt & Whitney, subsidiary of United Technologies Corp., applied its airplane engine technology to industrial gas turbines, which use heat from geothermal or other heat sources to vaporize a fluid with a lower boiling point. The vapor creates pressure to power a turbine that generates electricity.

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