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Rockwell Collins, Inc. was a multinational corporation headquartered in Cedar Rapids, Iowa, providing avionics and information technology systems and services to government agencies and aircraft manufacturers. It was formed when the Collins Radio Company, facing financial difficulties, was purchased by Rockwell International in 1973.
Rockwell International was a major American manufacturing conglomerate involved in aircraft, the space industry, defense and commercial electronics, components in the automotive industry, printing presses, avionics and industrial products. At its peak, Rockwell International was No. 27 on the Fortune 500 list, with assets of over $8 billion ...
Collins Aerospace is an American technology company that is one of the world's largest suppliers of aerospace and defense products. Headquartered in Charlotte, North Carolina , [ 4 ] it is a subsidiary of RTX Corporation (formerly Raytheon Technologies).
Around Thanksgiving of 2019, United Technologies bought Rockwell Collins for $23 billion in equity, four times its valuation when Ortberg took charge. The new owner folded Rockwell's businesses ...
UTC Aerospace Systems (UTAS) was one of the world’s largest suppliers of aerospace and defense products, headquartered in Charlotte, North Carolina, United States.The company was formed in August 2012 when parent United Technologies Corporation merged their existing subsidiary Hamilton Sundstrand with the newly-acquired Goodrich Corporation.
2017, UTC proposed to acquire Rockwell Collins in cash and stock for $23 billion, $30 billion including Rockwell Collins' net debt, for $500+ million of synergies expected by year four. [44] In 2018, the company announced the Rockwell Collins deal had closed, and that it will split into three independent companies. [45]
CEDAR RAPIDS, Iowa-- (BUSINESS WIRE)-- Rockwell Collins today announced the appointment of Robert K. (Kelly) Ortberg as the company's president. He joins Clayton M. (Clay) Jones, who continues as ...
In November 2018, UTC acquired Rockwell Collins for $23 billion ($30 billion including Rockwell Collins' net debt). [ 51 ] [ 52 ] As part of the deal, Pratt and Whitney and the newly-formed Collins Aerospace remained under United Technologies, while Otis Elevator and UTC Climate, Controls & Security (doing business as Carrier ) were spun off as ...