AEROSPACE & DEFENSE
From Times Staff and Wire Reports
AlliedSignal to Acquire Textron Unit: The company said it will buy the Lycoming Turbine Engine Division of Textron Inc. for about $375 million in cash plus the assumption of some liabilities. The agreement must be reviewed by the Federal Trade Commission. Neither company would estimate when the review will be finished and the deal completed. AlliedSignal Inc. is an $11.8-billion manufacturing company that makes aerospace and automotive products, chemicals, fibers and plastics.
