Boeing ‘sceptical’ of United Technologies-Rockwell Collins deal

Boeing and Airbus voiced concerns about a proposed tie-up of 2 leading suppliers Tuesday, potentially upsetting United Technologies Corp.’s US$23b acquisition of Rockwell Collins. The world’s largest planemakers added to the chorus of sceptics of a deal that would create an aerospace behemoth with a range of products to outfit jetliners and warplanes. Investors sent United Technologies shares plunging by the most in 2 years, while credit ratings companies said the manufacturer risks downgrades. Boeing, which has been squeezing suppliers for discounts, warned it would take action to protect itself if it saw the merger as harming its business. “Until we receive more details, we are sceptical that it would be in the best interest of -- or add value to -- our customers and industry,” Boeing said. <br/>