United Tech eyeing Goodrich

US diversified manufacturer United Technologies Corp is exploring a takeover of aerospace company Goodrich but the two sides are not yet close to a deal, according to a source. Reports last week said United Technologies was lining up $10bn to $20bn in financing for a US acquisition that could shape up as its biggest takeover in a decade. A move by United Tech could mark the start of a more aggressive phase of consolidation in the aerospace sector to prepare for cuts in defence spending in the United States and Europe.