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Rockwell Collins To Purchase ARINC for $1.39 Billion

Tuesday, August 13th, 2013

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Rockwell Collins To Purchase ARINC for $1.39 Billion

Rockwell Collins [COL] President and CEO Kelly Ortberg said yesterday the company’s proposed $1.39 billion acquisition of ARINC Inc. is based on where Rockwell Collins sees the industry headed: toward greater connectivity and information-enabled solutions between the aircraft and ground. The tentative deal announced Sunday will combine two players in the growing field of aviation information management, combining ARINC’s networks and services with the avionics and cabin technologies developed by Rockwell Collins, the company said in a statement. Rockwell Collins…

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