Hottest aviation giant acquires parts company

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United Technologies, an American manufacturing giant, recently announced that it had reached an agreement to spend $23billion to acquire Rockwell Collins, an aircraft parts manufacturer, creating the largest merger and acquisition transaction in the history of the global aviation industry. Insiders believe that the above transactions will change the industry pattern and may stimulate more mergers and acquisitions in the industry

UTC mainly provides high-tech products and services for the global aerospace and construction industries, and its manufacturing fields include aeroengines, helicopters, commercial aviation equipment and systems, elevators, HVAC and refrigeration systems. The company owns Pratt Whitney, one of the world's largest jet engine manufacturers, and the Aerospace Department that can manufacture components such as hubs and landing gears

Rockwell Collins specializes in the manufacture of cockpit display and communication systems for passenger aircraft and military aircraft, and also attaches importance to environmental friendly aircraft in machining equipment. In April this year, Rockwell Collins purchased b/e aviation, the world's largest cabin interior manufacturer, with us $6.4 billion in cash and stock

last year, UTC generated about $29.4 billion in revenue from its aviation and jet engine businesses, while other businesses generated about $28.7 billion. By the end of September, in the current fiscal year, Lowell Collins' sales could reach about $5.3 billion, relying on its rich experience as a leading material supplier in the healthcare industry for more than 25 years. In addition, b/e aviation will bring an additional $2.9 billion in revenue

if the transaction is successfully completed, the two companies will form the world's largest aircraft parts manufacturer. According to the agreement, Rockwell Collins will combine with the aviation system business of United Technologies to establish a new company called Collins airlines, which will be headed by Kelly Ortberg, the current CEO of Rockwell Collins. Greg Hayes, the current CEO of UTC, will be the CEO of the new company after the merger. The above transaction has been approved by the board of directors of the two companies and is expected to be completed in the third quarter of 2018

previously, an Airbus spokesman expressed the hope that "any potential merger and acquisition will not affect its top business priority in UTC"

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