United Technologies (UTC) announced a deal to buy Rockwell-Collins over the weekend, growing United Technologies' already huge aerospace portfolio. UTC already owns, among others, Pratt & Whitney, the jet engine manufacturer. The $23 billion purchase price for Rockwell-Collins will be among the biggest aerospace acquisitions ever. Executives for the companies announced that they expect the merger will create hundreds of millions of dollars in cost savings, likely from headcount reductions and combining of facilities.
This is a companion discussion topic for the original entry at https://www.avweb.com/recent-updates/business-military/utc-to-buy-rockwell-collins