:

Business/Financial

Justice Department Okays UTC’s Deal For Rockwell Collins, With Conditions

By Cal Biesecker

Tuesday, October 2nd, 2018

SHARE:

Justice Department Okays UTC’s Deal For Rockwell Collins, With Conditions

Rockwell Collins' products include cockpit avionics. Photo: Rockwell Collins

The Department of Justice on Monday evening approved United Technologies Corp.’s [UTX] pending $30 billion acquisition of Rockwell Collins [COL], although the government requires UTC to divest two Rockwell Collins’ business units to preserve competition in the marketplace.The government said that UTX must divest the pneumatic ice protection systems and trimmable horizontal stabilizer business units to resolve competitive concerns. A complaint filed on Oct. 1 by the Justice Department said that UTC and Rockwell Collins are two of three suppliers…

Congress

Warren And Sheehy Renew Call for “Right to Repair” In NDAA

Sen. Elizabeth Warren (D-Mass.) and Sen. Timothy Sheehy (R-Mont.), two members of the Senate Armed Services Committee (SASC), are renewing their call for “Right to Repair” language in the National […]

HASC Looks To Restrict USV Deliveries Without Navy CONOPS And Strategy

The House Armed Services Committee’s (HASC) fiscal year 2027 defense policy draft bill aims to restrict the Navy’s use of unmanned surface vessels (USV) until it decides on key factors […]

Congress

Gaps In Army’s Tactical Counter-Drone Capabilities Remain Concern Of HASC

A draft defense policy bill released this week says the Army is fielding counter-drone capabilities for defense of fixed sites and maneuver forces but suggests that troops at the lowest […]

Army

HASC Wants Closer Look At Army’s SBMC Program, Cites Avoiding Past IVAS Missteps

The House Armed Services Committee (HASC) wants a closer look at the Army’s Soldier Borne Mission Command (SBMC) effort, citing support for the development program while expressing caution to avoid […]