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DOJ Clears UTC’s $30B Purchase of Rockwell Collins

The Justice Department has given antitrust approval to United Technologies Corp. (NYSE: UTX) to pursue its approximately $30B acquisition of Rockwell Collins (NYSE: COL), Bloomberg reported Tuesday. UTC announced in September 2017 that it agreed to pay approximately $23B in cash and stock and assume $7B in net debt from the Cedar Rapids, …

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Rockwell Collins Secures $288M Navy Contract Option for Radio Equipment Production

Rockwell Collins’ (NYSE: COL) government systems segment has received a $288.5M contract modification from the U.S. Navy to produce airborne radio communications equipment for domestic and international defense customers. The modification covers the first option year under a previously awarded indefinite-delivery/indefinite-quantity contract for the AN/ARC-210 radio production and delivery services, the …

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Iridium Taps Rockwell Collins as Certus Service Provider for Aviation Sector

TYSONS CORNER, VA, July 25, 2018 — Iridium Communications (Nasdaq: IRDM) has entered into a partnership with Rockwell Collins (NYSE: COL) to offer government, business and commercial aviation customers an L-band broadband service for aircraft connectivity, ExecutiveBiz reported Tuesday. Rockwell Collins will provide the Iridium Certus service as part of its …

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Greg Hayes: UTC Targets Q3 2018 for Rockwell Collins Deal Completion

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said the company is “on track” with the regulatory clearance process and in the final phase of completion with regard to its pending $30 billion acquisition of Rockwell Collins (NYSE: COL), The Gazette reported Tuesday. “We expect the transaction to close here …

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Rockwell Collins’ Shareholders OK UTC Merger; Kelly Ortberg Comments

Shareholders at Rockwell Collins (NYSE: COL) have cleared a deal for United Technologies Corp. (NYSE: UTX) to acquire the Cedar Rapids, Iowa-based avionics contractor for approximately $30 billion. Holders of at least 72 percent of outstanding shares in Rockwell Collins as of record date voted to approve the transaction during the Thursday …

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Rockwell Collins Shareholders Set Jan. 11 Vote on UTC Deal

Rockwell Collins (NYSE: COL) is set to hold a shareholder meeting on Jan. 11 to decide on proposals associated with United Technologies Corp.’s (NYSE: UTX) proposed $30 billion acquisition of the Cedar Rapids, Iowa-based avionics contractor. Rockwell Collins said Monday shareholders of record as of Dec. 8 will be eligible to …

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CAE, Rockwell Collins to Build Integrated LVC Training Systems; Gene Colabatistto Comments

TYSONS CORNER, VA, Nov. 29, 2017 — CAE has entered into a partnership with Rockwell Collins (NYSE: COL) to develop network-connected live, virtual and constructive training platforms in support of client readiness and requirements, ExecutiveBiz reported Tuesday. “Integrated live, virtual, constructive training is becoming more critical as defense forces look to …

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Lockheed, Rockwell Collins Win Airborne Launch Control Replacement Tech Maturation Contracts

Lockheed Martin (NYSE: LMT) and Rockwell Collins (NYSE: COL) have won three-year contracts from the U.S. Air Force to perform risk reduction and technology maturation work on a platform designed to replace the service’s aerial launch control system. The military branch awarded an $80.7 million contract to Lockheed’s space systems …

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Greg Hayes: UTC-Rockwell Collins Merger Deal Aims to Advance Digital Platforms, Predictive Analytics

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said UTC’s move to acquire Rockwell Collins (NYSE: COL) under an estimated $30 billion deal seeks to advance the development of digital platforms for the aviation sector, Reuters reported Tuesday. Hayes told Reuters the proposed acquisition also aims to facilitate the adoption of …

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UTC Proposes $30B Deal for Rockwell Collins in Aerospace Market Push; Greg Hayes Comments

United Technologies Corp. (NYSE: UTX) has agreed to purchase Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) through an estimated $30 billion transaction in a move to establish a new aerospace systems supplier that will work to meet the evolving needs of global clients. Farmington, Connecticut-based conglomerate UTC said Monday it will pay …

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