United Technologies Corp. has agreed to buy Rockwell Collins for $30bn, merging their aerospace operations into a new entity called Collins Aerospace Systems. The deal includes $23bn equity value and $7bn in debt.
United Technologies Corp received Chinese regulatory approval for its $30 billion purchase of aircraft parts maker Rockwell Collins Inc, clearing the final hurdle to complete the largest aerospace deal in history.
The US Department of Justice cleared United Technologies Corporation's $30 billion acquisition of Rockwell Collins, requiring divestiture of two businesses to approved buyers.
Safran signed an agreement to acquire Rockwell Collins's actuators, pilot controls, and special products business, subject to regulatory approval, expected to close in first half of 2019.
Rockwell Collins extended its performance-based logistics contract with the Australian army to provide avionics support for the CH-47F Chinook helicopter fleet through 2020, including field service engineering, program management, logistics service, and repair and overhaul.
United Technologies Corporation's $30 billion acquisition of Rockwell Collins received Boeing's blessing after reaching agreements. The deal values Rockwell Collins equity at $23 billion, with total transaction value of $30 billion including debt.
The Department of Defense awarded United Technologies' aeronautics subsidiary a $2.5 billion sole-source contract to provide aviation-related spare parts and services. The five-year contract with a five-year option effectively renews an earlier 10-year contract set to expire in April 2018.
Rockwell Collins shareowners overwhelmingly approved the proposed acquisition by United Technologies Corp. The transaction is expected to close by the third quarter of 2018, combining Rockwell Collins with UTC Aerospace Systems to form Collins Aerospace Systems.
United Technologies Corp. is on track to acquire Rockwell Collins for about $30 billion, with plans to create a new Collins Aerospace Systems business. The deal is expected to close in the third quarter of fiscal 2018.
United Technologies reached an agreement to acquire Rockwell Collins for $30 billion, combining UTC Aerospace Systems and Rockwell Collins into a new business unit named Collins Aerospace Systems.
United Technologies Corp. is nearing a deal to buy Rockwell Collins Inc. for more than $20 billion, with a per-share price of $140 or less. The deal would create one of the world's biggest aircraft-equipment makers.
United Technologies Corp. and Rockwell Collins announced a definitive agreement for UTC to acquire Rockwell Collins for $140.00 per share, in cash and stock, creating a premier aerospace systems supplier.
L-3 Communications awarded Rockwell Collins a repair chain management contract to support repair of over 500 parts for 59 U.S. Air Force KC-10 aircraft, managing 4,000 repairs annually.
Rockwell Collins Inc. closed the acquisition of B/E Aerospace Inc. for $8.6 billion, including assumed debt. The deal combines Rockwell Collins' avionics and cabin electronics with B/E Aerospace's cabin interior products.
B/E Aerospace stockholders voted to approve the merger with Rockwell Collins, with each share to be converted into $34.10 cash and 0.3101 shares of Rockwell Collins common stock. The merger is expected to close in spring 2017.
Rockwell Collins announced that the Hart-Scott-Rodino Act waiting period for its acquisition of B/E Aerospace has passed without objection from the DOJ or FTC. The deal is expected to close in spring 2017.
Rockwell Collins awarded a contract to Systron Donner Inertial for the SDI300 aviation-grade inertial measurement unit for the Boeing 777X Integrated Flight Control Electronics fly-by-wire system.
Rockwell Collins is buying B/E Aerospace, the largest supplier of aircraft cabin equipment, for $6.4 billion. The deal is expected to close by spring 2017, with minimal expected impact on B/E Aerospace operations.