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UTC-Rockwell Collins Merger: New Financial Details Emerge

On Nov. 26th, United Technologies announced its move to split the company into three separate businesses following the completion of the $30B Rockwell Collins acquisition on Nov. 23rd. The move will combine UTC’s Pratt & Whitney and United Technologies Aerospace Systems with Rockwell Collins to form Collins Aerospace Systems. The …

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UTC to Split Into Three Firms After Rockwell Collins Deal Completion; Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) has announced plans to divide into three independent companies after it completed its $30B purchase of Rockwell Collins (NYSE: COL). UTC said Monday it will combine its aerospace systems business with Rockwell Collins to form Collins Aerospace Systems and expects the transaction to be $0.15 to $0.20 …

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UTC-Rockwell Collins Deal Gets Final Regulatory Clearance

Chinese regulators have given United Technologies Corp. (NYSE: UTX) the green light to pursue its planned $30B acquisition of Rockwell Collins (NYSE: COL). UTC said Friday the approval marks the final regulatory clearance the company needed to complete its purchase of the Cedar Rapids, Iowa-based avionics contractor. Farmington, Conn.-based conglomerate UTC agreed …

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UTC Expects China’s Approval of Rockwell Collins Deal Within Weeks; Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) expects Chinese regulators to approve its planned $30B purchase of Rockwell Collins (NYSE: COL) within weeks, Reuters reported Tuesday. UTC CEO Greg Hayes said Tuesday in a conference call the company does not expect the U.S.-China political issues to have an impact on the deal citing UTC’s …

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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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Data Link Solutions, ViaSat Awarded $483M in Contract Funds to Update Navy Radio Systems

The U.S. Navy has awarded separate contract modifications to Data Link Solutions and ViaSat (Nasdaq: VSAT) to continue support work on the service’s Multifunctional Information Distribution System Joint Tactical Radio Systems program. Data Link Solutions, a joint venture between BAE Systems and Rockwell Collins (NYSE: COL), will conduct MIDS JTRS modernization efforts …

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Michael Knowles Promoted to Lead Cubic’s Defense Segment, Dave Buss Named Senior Adviser

Michael Knowles, former vice president and general manager of the air ranges business unit within Cubic’s (NYSE: CUB) global defense segment, has been named corporate senior VP and president of the segment in a move that will take effect Oct. 1. Knowles will succeed Dave Buss, a corporate SVP who will …

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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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Navy Picks 22 Firms for $980M Training System Design, Production IDIQ

The U.S. Navy has awarded 22 companies spots on a potential five-year, $980 million contract to design, build and manufacture training systems and related devices. The service received 40 proposals for the firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract that will run through November 2023, the Defense Department said Friday. The contractors will …

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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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