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Two of the biggest suppliers to Boeing and Airbus are getting together — and it’s mostly because you want cheaper plane tickets.
United Technologies(UTX), a conglomerate that makes equipment for the aerospace and building industries, said late Monday it’s buying high-tech aerospace and defense electronics supplier Rockwell Collins (COL) for $23 billion.
The combined company would have annual sales of around $34 billion, making it the world’s fourth largest aerospace firm by revenue after Boeing (BA), Airbus (EADSF) and Lockheed Martin (LMT), according to industry website Flight Global. And its market cap of $115 billion would eclipse those of Airbus and Lockheed.United Technologies’ businesses include Pratt & Whitney, which makes aircraft engines for commercial passenger planes and military jets like Lockheed’s F-35 fighter.
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Click link below for article and video:
http://money.cnn.com/2017/09/05/news/companies/rockwell-collins-united-technologies-deal/index.html
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