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posted by Fnord666 on Wednesday September 06 2017, @04:19PM   Printer-friendly
from the going-vertical dept.

Two companies that supply parts to the likes of Boeing, Airbus, and Lockheed Martin will merge in one of the largest aerospace deals ever:

United Technologies Corp. agreed to buy Rockwell Collins Inc. for about $23 billion, creating an aerospace behemoth that can outfit jetliners and warplanes from tip to tail.

The transaction, one of the biggest in aviation history, creates an aircraft-parts giant better positioned to withstand the squeeze from planemakers Boeing Co. and Airbus SE for pricing discounts and higher output. The resulting company will boast a broad suite of products for commercial aircraft, from Rockwell Collins's touchscreen cockpit displays to jet engines made by the Pratt & Whitney division of United Technologies.

"This is a significant deal for UTC and the aviation industry in general," Hans Weber, president of San Diego-based consultancy Tecop International Inc., said in an email. By buying Rockwell Collins, which delivers avionics systems for the U.S. planemaker's 787, "UTC becomes a critically important supplier to Boeing and will have a strong negotiating position as Boeing is putting price pressure on suppliers."

The deal is $23 billion, or $30 billion including debt. The combined company is expected to have annual sales of $34 billion.

Also at NYT and CNN.


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  • (Score: 2) by bob_super on Wednesday September 06 2017, @07:02PM (4 children)

    by bob_super (1357) on Wednesday September 06 2017, @07:02PM (#564225)

    The moment the corporations acquired the right to free speech and to legally express that unlimited speech with their cash, the great USA experiment was doomed.

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  • (Score: 1) by fustakrakich on Wednesday September 06 2017, @08:20PM (3 children)

    by fustakrakich (6150) on Wednesday September 06 2017, @08:20PM (#564249) Journal

    That is totally irrelevant. Speech is speech. It can't compel anything. If you don't like what's being said, change the channel, or turn off the set.

    This merger, on the other hand, it's not good. Read the other comments for reasons why

    --
    La politica e i criminali sono la stessa cosa..
    • (Score: 2) by bob_super on Wednesday September 06 2017, @08:38PM

      by bob_super (1357) on Wednesday September 06 2017, @08:38PM (#564255)

      Dang! I just commented on the Voyager records, without realizing how much farther out my mind would have wandered, had I gone from you to my actual point.

    • (Score: 0) by Anonymous Coward on Wednesday September 06 2017, @09:24PM (1 child)

      by Anonymous Coward on Wednesday September 06 2017, @09:24PM (#564276)

      You're being pedantic and narrow minded. Corporations are not people, and should not be afforded such protections under the law. Granting person-hood to businesses has royally fucked up everything.

      For political campaigns specifically I think we should create a web based platform which is the only place politicians can campaign. No more million dollar+ ads, no more private campaign funds, level the playing field.

      • (Score: 1) by fustakrakich on Wednesday September 06 2017, @09:54PM

        by fustakrakich (6150) on Wednesday September 06 2017, @09:54PM (#564288) Journal

        Sorry, the 1st amendment says otherwise. Since speech as no compelling force, you don't have a case.

        --
        La politica e i criminali sono la stessa cosa..