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.”
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Rockwell Collins specializes in flight deck communication technologies. The acquisition will steer the company’s business more toward commercial than government. Rockwell Collins said it expects 54% of its business will be commercial. The remaining part, 46%, will be government work.
Rockwell Collins said it expects ARINC, based in Annapolis, Md., to report more than $600 million in revenue this year.
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