:

Business/Financial

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

By Cal Biesecker

Tuesday, September 5th, 2017

SHARE:

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…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

Congress

MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]