Stories
Slash Boxes
Comments

SoylentNews is people

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.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by meustrus on Thursday September 07 2017, @03:20PM

    by meustrus (4961) on Thursday September 07 2017, @03:20PM (#564600)

    [nobody] care[s] if the price goes up...[no] free market [because of too many market players]...helps me get cheaper travel, as my tax money does not have to prop up an unprofitable aircraft industry.

    I'm having trouble following your insane troll logic. How exactly do you get cheaper travel when nobody cares if the price goes up? How does having lots of small "local" flight providers make for a less free market than a handful of global carriers? How is your tax money not propping up an industry that is "already massively subsidised by taxpayers"?

    --
    If there isn't at least one reference or primary source, it's not +1 Informative. Maybe the underused +1 Interesting?
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2