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.
(Score: 2) by meustrus on Thursday September 07 2017, @03:20PM
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?