Goodrich plant in Troy now part of United Technologies

Andrew Martin, a Charlotte, N.C.-based spokesman for the new division, said no major changes including job cuts are expected “in the short term.” Also, UTC Aerospace Systems has no other wheels and brakes plants that would make the Troy facility redundant, said Valerie Francis, a spokeswoman for the local plant.

The acquisition is good news, Martin said. It will lead to shorter development cycles, new products, including lighter aircraft, and more capabilities. The new division has some 40,000 employees.

United Technologies said early Thursday that all regulatory approvals tied to its proposed acquisition of Goodrich had been obtained. Hours later, the company said it closed the $16.5 billion takeover.

In a conference call, Louis Chenevert, UTC chairman and chief executive, said Goodrich will be moved into his company’s propulsion and aerospace systems organization, financed in part with what he said was the largest U.S. corporate bond offering since 2009.

“I’m very happy with everything I see at this point,” Chenevert said in the call.

In its second quarter 2012 earnings report Thursday, UTC reported net income from continuing operations of $1.46 billion, up from $1.28 billion for the same quarter last year. For the first half of 2012, the company reported net income from continuing operations of $2.65 billion, up from $2.26 billion for the first half of 2011.

Meanwhile, Erik Engstrom, CEO of Reed Elsevier Plc, the corporate parent of LexisNexis said the Reed Elsevier board has no plans to break up the company.

Engstrom, responding to industry analysts who have said the move would increase the company’s value, said after consulting with shareholders that such a move is “not on the agenda,” according to a Bloomberg report.

A Reed Elsevier spokesman could not be reached.

Data and research powerhouse LexisNexis has said its Miami Twp. campus off Ohio 741 is the company’s largest single employment site with 3,400 employees. Earlier this year, Alex Watson, LexisNexis executive vice president of operations, told the Dayton Daily News the company is committed to its Dayton-area operations.