Boeing and Airbus have raised concerns about United Technologies plan to acquire Rockwell Collins saying that the deal would raise costs and slow down production of planes.
Boeing and Airbus are equipment clients of United Technologies and Rockwell Collins. The comes came a day after UTC announced plans to buy Rockwell for an estimated $22.75 billion, Associated Press reported Tuesday.
The deal is said to create an aerospace giant that makes plane seats, landing systems and flight control decks for commercial and military planes.
United Technologies expects to complete the deal within this year. It would combine its aerospace unit with Rockwell Collins and name it Collins Aerospace Systems.
Boeing and Airbus raised concerns Tuesday about the proposed tie-up of industrial company United Technologies and aerospace parts maker Rockwell Collins, saying that the deal could raise costs or slow the production of planes. Boeing and Airbus both buy equipment from United Tech and Rockwell Collins.
The comments from the two companies came a day after United Tech announced plans to buy Rockwell Collins for about $22.75 billion. The deal would create an aerospace giant that makes plane seats, landing systems and flight control decks for commercial and military planes.
United Tech said that after the deal is completed, which it expects to happen within a year, it would combine its aerospace unit with Rockwell Collins and rename it Collins Aerospace Systems. That unit is expected to bring in more than $23 billion in sales a year.
“Should we determine that this deal is inconsistent with those interests, we would intend to exercise our contractual rights and pursue the appropriate regulatory options to protect our interests,” Boeing said.
United Technologies Corporation (UTC) will acquire Rockwell Collins for $140.00 per share, in cash and UTC stock, both companies announced yesterday
Rockwell Collins has delivered the latest generation Digital GPS Anti-Jam Receiver (DIGAR) airborne anti-jam and anti-spoofing technology to the US Air Force Special Operations Command (AFSOC). The enhanced solution provides airborne anti-jam capability with over 10,000 times improved jamming resistance over the previous model, the company announced Thursday
Rockwell Collins has won a contract from CAE to provide Visual Display Systems for French Air Forces Pilatus PC-21 simulators. Rockwell Collins will develop two Spectraview Visual Display Systems (VDS) in Salt Lake City, under a subcontract awarded by CAE
Rockwell Collins will be providing its ARINC knowledge-based support services as part of a five year, $37.4 billion Command, Control, Communications, Surveillance and Reconnaissance (C4ISR) Responsive Strategic Sources for Services (RS3) contract awarded by the US Army
Embraer subsidiaries Bradar and Savis will be integrating radar technology into Rockwell Collins' FireStorm integrated targeting Systems. The Brazilian companies announced a cooperation agreement to jointly evaluate business opportunities in defense applications
Boeing has won $600 million modification contract for new preliminary design activity requirements on the Presidential Aircraft Recapitalization (PAR) Program. This contract modification supplements work already taking place under the PAR contract, including risk reduction activities and the acquisition of two commercial Boeing 747-8 aircraft
Boeing is being awarded $676.5 million modification contract for the full-rate production and delivery of six Lot 41 F/A-18E and eight F/A-18F aircraft
Boeing is being awarded $42 million modification contract to provide additional funding for the Service Life Assessment Program (SLAP) and Service Life Extension Program (SLEP), Phase C for the F/A-18E/F aircraft. The SLAP and SLEP programs facilitate the extension of the service life of the F/A-18E/F beyond the original design of the 6,000 flight hours, US Department of Defense said in a statement Tuesday
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