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Tag Archives: kelly ortberg

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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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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Rockwell Collins Closes $8.6B B/E Aerospace Buy in Product Portfolio Diversification Push

Rockwell Collins (NYSE: COL) has wrapped up its purchase of airline cabin equipment provider B/E Aerospace (Nasdaq: BEAV) for approximately $8.6 billion in a push to diversify and expand its product portfolio and accelerate its global growth initiatives. The companies originally disclosed the $6.4 billion cash-and-stock transaction in October 2016 and Rockwell …

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Shareholders OK $6.4B Rockwell Collins-B/E Aerospace Deal

Shareholders at Rockwell Collins (NYSE: COL) and airline cabin equipment supplier B/E Aerospace (Nasdaq: BEAV) have approved a deal originally announced in October for Rockwell Collins to purchase B/E Aerospace for approximately $6.4 billion in cash and stock. The transaction was backed by more than 99 percent of Rockwell Collins shareholders and nearly 90 …

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December 2 Market Close: GovCon Index Inches Up for 4th Straight Positive Week, US Stocks Mixed on November Jobs Beat

Executive Mosaic’s GovCon Index traded higher Friday in a mixed session for U.S. stocks as investors looked at November jobs figures above economists’ expectations and furthered anticipation of an interest rate hike Dec. 14. The GCI ends at its fourth straight weekly advance, while the S&P 500 closed flat Friday …

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Leidos’ Roger Krone Joins Board of Governors at Aerospace Industries Association

TYSONS CORNER, VA, Nov. 22, 2016 —  Aerospace Industries Association has elected Roger Krone, Leidos (NYSE: LDOS) chairman and CEO, to its executive board of governors for 2017, GovCon Executive reported Friday. Krone will join Boeing (NYSE: BA) CEO Dennis Muilenburg and Raytheon (NYSE: RTN) CEO Thomas Kennedy, who will respectively serve as …

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Rockwell Collins CEO Kelly Ortberg Named Board Chairman; Anthony Carbone Comments

Rockwell Collins (NYSE: COL) CEO Kelly Ortberg has taken the additional role as chairman of the aviation technology maker’s board of directors. Former Chairman Anthony Carbone will transition into the lead independent director position with the board, Rockwell Collins said Wednesday. “This appointment reflects the confidence the board of directors has in Kelly, …

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Rockwell Collins Posts 13% FY 2015 Earnings Climb, Revenue Up 5%; CEO Kelly Ortberg on Currency Impacts, Budget Agreement

Rockwell Collins (NYSE: COL) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported full fiscal year 2015 earnings of $5.19 per share to exceed 2014 figures by 14.82 percent. The Iowa-based avionics maker’s most recent 2015 earnings outlook was for a range between $5.15 and $5.25 per share and Wall Street …

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Kelly Ortberg: Rockwell Collins Finalizes Satcom Tech Portfolio Sale

Rockwell Collins (NYSE: COL) has sold a business unit that designs and manufactures satellite ground equipment for military communications use. “This transaction is part of a strategy to reshape our government systems portfolio to align with the changing dynamics of the defense environment, and focus on core products that will …

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