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Saturday 15 December 2018
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U.S. to buy avionics maker Rockwell Collins (NYSE:COL) for $23B

united-technologies-company

united-technologies-company

United Technologies has won U.S. approval to buy avionics maker Rockwell Collins (NYSE:COL) for $23B, leaving China as the last authorization needed for the deal. The U.S. Justice Department required divestments for the go-ahead. UTC (NYSE:UTX) will have to sell two businesses – one that sells systems that de-ice planes and another that vends stabilizer actuators that help aircraft maintain altitude.

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