![]() ![]() (UTC) has agreed to purchase avionics contractor Rockwell Collins in an estimated $30 billion transaction in a move to establish a new Tier 1 aerospace systems supplier. Aerospace suppliers and even OEMs are merging and partnering to deliver sophisticated solutions with greater scale and scope,” said Ortberg.After weeks of speculation, United Technologies Corp. “This expectation is changing the way our industry works. In a self published article remarking on the completion of the acquisition, Collins Aerospace CEO Ortberg said that the combined entity will enable his newly structured company to meet growing expectations for “speed, agility and value” from airlines and manufacturers. ![]() The company has also seen increased interest in recent years from operators in its aircraft interface device (AID) and aircraft health monitoring technologies, including a deal to supply its virtual quick-access recorder for a fleet of 777s operated by Emirates. UTAS revealed at the 2018 Farnborough International Airshow that it was researching and developing a next generation vehicle management computer (VMC) with 20 times the computing power of today’s flight control computers enabled by three dissimilar multicore processors. Moving forward, the combination of Rockwell Collins and UTAS could provide for some unique collaboration in developing new aircraft technologies. Collins’ Pro Line Fusion flight deck is also featured on the Airbus A220 and the company supplies the common data network for the A350 as well. Photo, courtesy of Collins Aerospace.Īs an example, Rockwell Collins provides the core avionics network for the Boeing 787 and the displays for that aircraft as well as the Boeing 737 MAX and 777X among other Boeing aircraft. Transportable-Black Hawk Operations Simulator. While neither Hayes nor Johri commented on specifics related to the avionics technologies supplied by Collins Aerospace, the acquisition will make UTC the supplier of communications, navigation and surveillance technology on some of the world’s newest and best selling commercial airframes. “The interiors portion of the business has been a little weaker than it was expected to be a year or so ago,” said Johri, noting that Rockwell Collins commercial aftermarket business has performed better than expected over the last year as well. Akhil Johri, chief financial officer of UTC, echoed Hayes’ recent comments about the financial performance of the Collins interior businesses. UTC first announced its acquisition of Rockwell Collins on September 4, 2017.īy acquiring Rockwell Collins, UTC’s aerospace portfolio now includes the Rockwell Collins' avionics manufacturing, defense business and interiors unit - the latter resulting from Rockwell Collins’ 2016 acquisition of B/E Aerospace. 23, was the last financial regulatory review needed for the acquisition to occur. Regulatory approval from China's State Administration for Market Regulation, achieved on Nov. That product line was sold to French aerospace and defense manufacturer Safran, which expects to complete that acquisition within the first six months of 2019. ![]() Hayes previously said one of the reasons for the delay was the search for a buyer of the flight controls and electric actuators product line previously owned by Rockwell Collins. The acquisition took longer to complete than expected, as Hayes previously expected to close the acquisition by October. Kent Statler, who previously served as vice president and chief operating officer for Rockwell Collins’ commercial systems division, will become the head of the Collins Aerospace avionics business unit. Hayes will remain the CEO of UTC, while Kelly Ortberg will serve as the CEO of Collins Aerospace. “With the addition of Rockwell Collins, we will now have an aerospace business that will have sales of roughly $50 billion by 2020.” “We made some tough decisions early on in the portfolio when we divested Sikorsky, that was a great move for us but it also left us sub-scale on the aerospace side,” said Hayes. ![]() The UTC chief expects aerospace sales to grow significantly by 2020 with the addition of Rockwell Collins. 27 conference call with analysts, UTC Chief Executive Greg Hayes said the addition of Rockwell Collins to UTC’s aerospace portfolio fills a void that was left when the company divested Sikorsky. ![]()
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