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Net income. US$705 million (2017) Number of employees. 31,200 (2018) [2] Rockwell Collins, Inc. was a multinational corporation headquartered in Cedar Rapids, Iowa, ...
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]
In 2001, what remained of Rockwell International was split into two publicly traded companies, Rockwell Automation and Rockwell Collins, ending the run of what had once been a massive and diverse conglomerate. The split was structured so that Rockwell Automation was the legal successor of the old Rockwell International, while Rockwell Collins ...
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In July 2023, Collins agreed to sell its actuation and flight controls business unit to French multinational Safran in an all-cash deal worth $1.8 billion. [ 7 ] [ 8 ] On 24 January 2024, Collins Aerospace, announced an investment of over £16 million at its Kilkeel site in Co Down for developing advanced passenger seating for wide-body and ...
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Ortberg started his career in 1983 as an engineer at Texas Instruments [7] before joining Rockwell Collins in 1987 as a program manager. [ 8 ] [ 9 ] In 2001, he was promoted from vice president to vice president and general manager of communication systems at Rockwell Collins. [ 10 ]