United Technologies

United Technologies' $23-billion deal for Rockwell Collins would create an 'absolute colossus' in aerospace

United Technologies' $23-billion deal for Rockwell Collins would create an 'absolute colossus' in aerospace

United Technologies Corp.’s deal to buy aviation communications and electronics supplier Rockwell Collins Inc. for $23 billion in cash and stock would create an aerospace behemoth able to exert pricing pressure on the industry’s supply chain.

The acquisition, announced Monday, would combine two companies that had total 2016 revenue of $62 billion and have a hand in nearly every facet of building a modern aircraft. It would unite UTC’s business in aerostructures, landing systems, propellers and engines with Rockwell Collins’ capabilities in flight control, cockpit displays, seating and aircraft interior systems.

The new business unit would be called Collins Aerospace Systems...

EDITION: California | U.S. & World
58°