logo
Share SHARE
FONT-SIZE Plus   Neg

Rockwell Collins To Acquire ARINC Inc. For $1.39 Bln

Rockwell Collins, Inc. (COL: Quote) announced that it has reached a definitive agreement to acquire ARINC Incorporated, a portfolio company of The Carlyle Group, for $1.39 billion.

The company said that the transaction will bring together two leading players in the growing field of aviation information management, combining ARINC's trusted networks and services with the industry leading avionics and cabin technologies developed by Rockwell Collins.

When completed, the acquisition will shift the balance of Rockwell Collins' business to approximately 54 percent commercial and 46 percent government.

The transaction is expected to close upon receipt of regulatory approvals and other customary conditions. It is expected to be EPS accretive once certain transaction and integration costs have been incurred.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Germanwings plane crash has spurred European airlines to implement stringent cockpit rules widely followed in the U.S., after it emerged a lone co-pilot forced the plane into its fatal descent, reports said on Thursday. Video-game retailer GameStop Corp. said Thursday after the markets closed that its fourth quarter profit rose 11% from last year, as better cost control helped offset a 5.6% decrease in sales. However, the company's quarterly earnings per share, excluding item, came in below analysts' expectations as did its quarterly sales. The Villages, a serene retirement hometown in Florida has been designated as the fastest-growing metro in the U.S. for the second consecutive year, as per Census estimates released on Thursday.
comments powered by Disqus
Follow RTT