Avionics
UTC, Rockwell Collins Near Tie Up Following Safran Deal
UTC expects to detail to investors within about 60 days strategic future following Rockwell Collins merger.

United Technologies Corp. (UTC) is still hoping to close on its $30 billion acquisition of Rockwell Collins by month’s end now that it has found a buyer for an overlapping actuators businesses, UTC CEO Greg Hayes told analysts on September 14. Speaking during an annual Morgan Stanley conference, Hayes conceded that the Rockwell Collins acquisition process has taken “a little bit longer” than anticipated and that “there is still a little work to do.” He pointed to a problem with one of the business divestitures as part of the hold-up.


Loading…