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Rockwell Collins Inc.

Rockwell Collins buys flight systems company ARINC for $1.39 billion

Rockwell Collins Inc. announced over the weekend it is buying ARINC, a flight systems company, for $1.39 billion, from private equity firm the Carlyle Group.

The deal will bolster Cedar Rapids, Iowa-based Rockwell Collins' flight systems business.

"Strategically, this acquisition is a natural fit for Rockwell Collins,” Kelly Ortberg, Rockwell Collins' chief executive, said in a statement. “It accelerates our strategy to develop comprehensive information management solutions by building on our existing information-enabled products and systems and ARINC's ground–based networks and services to further expand our opportunities beyond the aircraft."