United Technologies Corp. (UTC) and Rockwell Collins, Inc., have announced that UTC will acquire Rockwell Collins for $140 per share in cash and UTC stock (amounting to around $30 billion). Upon completion of the transaction, Rockwell Collins and UTC Aerospace Systems will be integrated to create a new business unit named Collins Aerospace Systems.
Rockwell Collins provides aviation and high-integrity solutions for commercial and military customers and is globally recognised for its avionics, flight controls, aircraft interior and data connectivity solutions. On a 2017 pro forma basis, its estimated sales are greater than $8 billion.