Search Results for: collins aerospace

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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Aerospace Industry Vet John Elbon Joins ULA as COO; Tory Bruno Comments

John Elbon, a 35-year veteran of Boeing (NYSE: BA), has succeeded Dan Collins as chief operating officer at United Launch Alliance. ULA said Thursday Elbon most recently served as vice president and general manager of the space exploration division at Boeing’s defense, space and security business. In this capacity, he led the …

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Field Aerospace-Led Team to Update Air Force T-1A Trainer Avionics Under $156M Contract

A Field Aerospace-led industry team has secured a potential seven-year, $155.7 million contract to modernize avionics of the U.S. Air Force‘s 178 T-1A  Jayhawk trainer aircraft and 30 training systems. Field Aerospace said Wednesday it will work with Rockwell Collins (NYSE: COL),  FlightSafety International and  Nextant Aerospace to implement a turnkey avionics modification effort that covers development, certification, …

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PwC: Global Aerospace, Defense M&A Hit $72B in 2017

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

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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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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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Reports: UTC Nears Deal to Acquire Rockwell Collins

United Technologies Corp. (NYSE: UTX) is close to finalizing an agreement to buy Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the industrial conglomerate aims to expand its aerospace business, Reuters reported Tuesday. A source familiar with the negotiations told Reuters the companies are close to reaching an agreement on …

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Report: UTC Eyes Rockwell Collins Acquisition

United Technologies Corp. (NYSE: UTX) is exploring an acquisition of Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the global industrial conglomerate looks to further expand its aerospace business, Bloomberg reported Saturday. Sources familiar with the matter told Bloomberg it is yet unclear whether the two firms are in discussions over …

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Talel Kamel, Bernard Bouillaud Appointed to Rockwell Collins Director Roles

Rockwell Collins (NYSE: COL) has named Talel Kamel as managing director of the avionics manufacturer’s operations in the Middle East, Turkey and North Africa and appointed Bernard Bouillaud as sales director for the same regions. The company said Sunday it made the two leadership appointments as part of efforts to expand regional presence and help strengthen …

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