United Technologies to buy Rockwell Collins in $30B deal

United Technologies to buy Rockwell Collins in $30B deal

Aerospace supplier United Technologies Corp. of Connecticut has struck a $30 billion deal to acquire Iowa-based avionics firm Rockwell Collins Inc. The cash and stock deal, which includes $7 billion in Rockwell debt, creates one of the largest aircraft equipment manufacturers in the world. Rockwell Collins completed its $8.6 billion acquisition of B/E Aerospace Inc. in April, and employs about 1,600 at former B/E Aerospace facilities in Winston-Salem. United Technologies purchased Charlotte-based Goodrich Corp. in 2012 for $16.5 billion.

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