UTC's Hayes: Collins Acquisition Exceeding Expectations
The Max groundings may have up to a 10-cent earnings-per-share effective in 2019, company executives estimate.

After its first full quarter of ownership, the Rockwell Collins acquisition already is reaping greater-than-anticipated benefits at United Technologies Corp. (UTC) as its newly formed Collins Aerospace unit posted a net profit of $856 million on $6.5 billion in sales, UTC executives reported today. UTC completed its $30 billion acquisition of Rockwell Collins in late November, combining the avionics and interiors giant with its own UTC Aerospace Systems (UTAS) to form Collins Aerospace.


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