United Technologies to buy Rockwell Collins

United Technologies has reached a definitive agreement to acquire Rockwell Collins to create “a premier aerospace systems supplier” in a deal worth USD$30b. The agreement values Rockwell Collins at $23b, with UTC also assuming Rockwell’s $7b debt. “This acquisition adds tremendous capabilities to our aerospace businesses and strengthens our complementary offerings of technologically advanced aerospace systems,” UTC CE Greg Hayes said. “United Technologies owns Pratt & Whitney which makes jet engines, including the delayed geared turbofan for the Airbus A320neo family of aircraft. Rockwell Collins is a supplier of avionics, and through its takeover of B/E Aerospace, also manufactures aircraft seats and cabin interiors. <br/>