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Business/Financial

With Deal For Rockwell Collins, UTC Sees Nearly $5 Billion In Military Aero Systems Sales

By Cal Biesecker

Tuesday, September 5th, 2017

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With Deal For Rockwell Collins, UTC Sees Nearly $5 Billion In Military Aero Systems Sales

Rockwell Collins' defense defense business includes precision targeting systems. Photo: Rockwell Collins

United Technologies Corp. [UTX] on Monday evening said it has agreed to acquire Rockwell Collins [COL] in a $30 billion deal that will create a $23 billion aerospace systems division, with about 75 percent of the business focused on commercial aerospace and the rest serving military customers.The announcement wasn’t a surprise given media reports about it going back weeks. UTC is paying $140 per share for Rockwell Collins, two-thirds in cash and the rest in stock, adding up to $23…

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