Deals
United Technologies' Blockbuster Forges Do-It-All Aviation Giant
- Companies to form aerospace division to be headed by Ortberg
- Price of $140 a share is 18% higher than before news of talks
United Technologies Buying Rockwell Collins
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United Technologies Corp. agreed to buy Rockwell Collins Inc. for about $23 billion, giving rise to an aerospace behemoth that can outfit jetliners and warplanes from tip to tail.
The deal, 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 company will boast a broad suite of products for airplanes, from Rockwell Collins’s touchscreen cockpit displays to United Technologies’s Pratt & Whitney jet engines.