After a summer of speculation, United Technologies Corp (UTC) and Rockwell Collins announced that they have reached a definitive agreement under which UTC will acquire Rockwell Collins in a cash and stock transaction valued at $30 billion. Continue reading →
Rockwell Collins MFD-268C4 Displays in a UH-60M helicopter
While new aircraft orders have slowed lately, the production of commercial aircraft is exceptionally vibrant. Airbus and Boeing are maintaining tremendous backlogs, and both manufacturers are ramping up production of their new fuel-efficient aircraft designs. This robust market is one that UTC Aerospace Systems is especially well positioned to capture. The combined entity offers a vast amount of product content – one-stop shopping – for commercial aircraft primes. The combination should also offer economies of scale, making product costs lower and even more attractive. Continue reading →
With a protracted downturn anticipated in defense, Sikorsky was put on the block in early 2015 as its parent company, United Technologies, looked to focus on higher-margin commercial markets. After several months of negotiations with various suitors, Lockheed Martin emerged as the victor with a $9 billion offer. Continue reading →
In a move that could set the stage for a corporate divestiture, United Technologies Corp (UTC) has appointed a new president to head its Sikorsky Aircraft subsidiary. Effective immediately, former UTC executive Robert Leduc has been named president of the global helicopter manufacturer, succeeding Mick Maurer.