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Field Aviation Buys Rockwell Collins’ ARINC Aerospace Subsidiary; John Mactaggart, Dan Magarian Comment

AirplaneField Aviation has made a move to grow the company’s aircraft service market presence through its acquisition of the ARINC Aerospace Systems Engineering and Support subsidiary from Rockwell Collins (NYSE: COL).

ARINC Aerospace works to modify, integrate and sustain large planes for military, commercial and private clients, Field Aviation said Tuesday.

“The acquisition of ASES is an effective complement to our Canadian modification operations, ” said John Mactaggart, Field Aviation president and CEO.

“Expanding into the U.S. market was always a primary objective, and this purchase begins that process in a way that supports our current operations as well as our strategic growth plans, ” added Field Aviation Chairman Dan Magarian.

The company operates hangar and production facilities across North America and specializes in aircraft platforms that weigh less than 100, 000 pounds.

Rockwell Collins said Tuesday the transaction includes ARINC Aerospace assets in Oklahoma City and approximately 230 workers.

ARINC was acquired by the Cedar Rapids, Iowa-based avionics firm for $1.4 billion in December 2013.

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