By Team ADU
New Delhi & New York. 25 February,2016. Just when the aerospace world was coming out of Lockheed Martin taking over Sikorsky in 2015, talks of merger of Honeywell Aerospace and United Technologies (UTX) with the potential to create a $94 billion sales colossus.
United Technologies confirmed that it had been in “preliminary, exploratory conversations about a range of potential collaborative options with Honeywell,” but said it did not explore the options further due to “significant regulatory obstacles, customer concerns and valuation issues.”
Meanwhile Airbus CEO Tom Enders in an email statement on Wednesday said that he did not see how a combination of Honeywell International Inc and United Technologies Inc (UTC) would be in his company’s interests. “I am under the impression that the leadership of UTC shares my assessment,” Enders said in the statement. Airbus is a major customer of both the companies.
There is no official comment on the merger talks by their another major customer Boeing.
Both Honeywell and UTC offices in India have been contacted by ADU for comment and a response is awaited.