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United Tech to buy Rockwell Collins for $30 billion


The creation of a new giant in the top echelon of aircraft parts makers comes as planemakers Boeing Co ( BA.N ) and Airbus SE ( AIR.PA ) are trying to capture more of the profits earned by their suppliers.


Last week, Airbus urged supplier UTC to stay focused on fixing industrial problems that have delayed new aircraft deliveries.


The deal also follows a wave of consolidation among smaller Aerospace manufacturers in recent years that was caused in part by the need to invest in new Technologies such as metal 3-D printing and connected factories to stay competitive.


United Technologies makes Pratt & Whitney jet engines used by Airbus, Bombardier Inc ( BBDb.TO ), Embraer SA ( EMBR3.SA ) and other plane makers.


It also supplies such key components as landing gear, air conditioning systems and engine covers to a wide range of jetliners.




READ MORE (Reuters)


  • Why your need to fly cheap just created a new aerospace giantCNNMoney
  • What United Technologies gains in its $30B deal for Rockwell CollinsUSA TODAY
  • Safran on Alert for Assets From UTC's Rockwell Tie-UpU.S. News & World Report
  • Stock Futures Decline Amid Rising North Korea TensionsTheStreet.com
  • United Tech Forges Aerospace Giant With $23 Billion Rockwell BuyBloomberg
  • Charlotte unit at center of United Technologies-Rockwell Collins dealNews & Observer
  • Aerospace Mega-Merger, NY Daily News Is Sold for $1 - 5 Things You Must KnowTheStreet.com
  • United Technologies' Aerospace Megadeal Means Heavy LiftingBloomberg
  • United Technologies buys Rockwell Collins for $22.75 billionPhys.Org


This post first appeared on The 5th News, please read the originial post: here

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United Tech to buy Rockwell Collins for $30 billion

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