UTC to buy Rockwell Collins
United Technologies (UTC) is to acquire Rockwell Collins for $30 billion, the company announced on 4 September.
Rockwell Collins specialises in avionics, flight controls, aircraft interior and data connectivity solutions for commercial and military customers.
The acquisition will add significant capabilities to UTC's aerospace businesses and its aerospace systems portfolio.
Greg Hayes, UTC chairman and chief executive officer, said: 'The integrated companies’ expertise in developing electrical, mechanical and software solutions will allow us to deliver more innovative products and services and provide greater value to our customers and shareowners.
'This combination will also create new opportunities for the talented employees of both companies to advance innovation in a growing and dynamic industry.'
Upon completion of the transaction, Rockwell Collins and UTC Aerospace Systems will be integrated to create a new business unit named Collins Aerospace Systems.
More from Defence Notes
-
![RTX’s unauthorised exports result in $200 million fine]()
RTX’s unauthorised exports result in $200 million fine
According to the US Department of State, 750 company violations were recorded from 2017 to 2023.
-
![UK Strategic Defence Review asks public for views on future defence directions]()
UK Strategic Defence Review asks public for views on future defence directions
Currently serving military personnel, veterans, industry and academia have been invited to submit evidence to shape the UK’s future defence postures and spending.
-
![Defence business booms and order books build on the back of Russia–Ukraine war]()
Defence business booms and order books build on the back of Russia–Ukraine war
The half yearly and second quarter results of defence companies show mostly substantial increases in order books and sales, as supplying Ukraine, buying new equipment and replenishing stocks boosts contracts.
