United Technologies (UTX) is nearing a purchase of GE's fire alarm and security systems unit for...

|About: United Technologies Cor... (UTX)|By:, SA News Editor

United Technologies (UTX) is nearing a purchase of GE's fire alarm and security systems unit for at least $1.8B, and a deal could be announced as early as Thursday, sources say. The Edwards Systems Technology, which GE bought for $1.4B from SPX Corp. (SPW) in 2005, would take United "beyond just perimeter and access security," one analyst says.