United Technologies and Rockwell Collins reach $30bn deal to create aerospace behemoth
New York/Chicago/London — United Technologies agreed to buy Rockwell Collins for about $23bn, creating an aerospace behemoth that can outfit jetliners and warplanes from tip to tail. Rockwell Collins shareholders will receive $140 per share in cash and stock, the companies said on Monday. Including net debt, the total deal value is about $30bn. The transaction, one of the biggest in aviation history, creates an aircraft-parts giant better positioned to withstand the squeeze from plane makers Boeing and Airbus for pricing discounts and higher output. The resulting company will boast a broad suite of products for commercial aircraft, from Rockwell Collins’s touchscreen cockpit displays to jet engines made by the Pratt & Whitney division of United Technologies. "This is a significant deal for UTC, all OEMs [original equipment manufacturers] and the aviation industry in general," said Hans Weber, president of San Diego-based consultancy Tecop International. "Rockwell Collins is the supp...
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