With its aquisition of Rockwell Collins finalized, United Technologies to announce its future plans
NEW YORK CITY, N.Y. – United Technologies is breaking itself into three independent companies now that it has sealed its $23 billion acquisition of aviation electronics maker Rockwell Collins. The company's announcement Monday was the latest by a sprawling industrial conglomerate deciding it will be more efficient and focused as smaller, separate entities, reports The Des Moines Register.
Continue reading original article
The Intelligent Aerospace take:
November 27, 2018 -- By spinning off into three companies, United Technologies will continue its focus on aerospace and defense while allowing the two other groups to focus on elevators and HVAC. The absorption of Rockwell Collins into United Technologies would have had combined sales of approximately $39 billion last year, according to UT.
Related: AVIC selects Rockwell Collins to outfit line of MA700 turboprops
Related: Another merger milestone for American Airlines
Related: Calstar merger brings changes for members
Jamie Whitney, Associate Editor
Ready to make a purchase? Search the Intelligent Aerospace Buyer's Guide for companies, new products, press releases, and videos