United Technologies’ acquisition of Rockwell Collins is one of the largest acquisitions and mergers in the history of aerospace world. This acquisition brings together Rockwell Collins alongwith UTC Aerospace Systems to create Collins Aerospace Systems.
Gregory Hayes, Chairman & Chief Executive Officer, UTC Group
“Collins Aerospace brings together two great companies with unmatched expertise in developing electrical, mechanical and software solutions,” said Gregory Hayes, Chairman and Chief Executive Officer of United Technologies. “We will have a laser focus on developing innovative solutions for customers and generating strong returns for shareowners.” He adds.
World of aerospace is full of surprises and unpredictably mega events. Technology, and refinements are the integral parts of aerospace world. Acquisitions and mergers have also been factored in the process time and again.
On November 26th, a much talked about acquisition of Rockwell Collins by United Technologies has finally been concluded. This brings a host of complimenting range of aerospace expertise to the company such as avionics, electronics, and interiors. United Technologies has now decided to emerge as an absolute aerospace giant offering the entire range of aerospace systems solutions.
Collins Aerospace, With a comprehensive portfolio, extensive capabilities and broad expertise, represents the best in aerospace innovation and technology
While the group has invested an amount of US$30 billion to acquire Rockwell Collins creating a new brand Collins Aerospace Systems, the group has also decided to divest its non-aerospace units, Otis and Carrier. These two units will now be independent companies leaving United Technologies as a pure aerospace entity. “Our decision to separate United Technologies (from non-aerospace activities: Carrier and Otis) is a pivotal moment in our history and will best position each independent company to drive sustained growth, lead its industry in innovation and customer focus, and maximize value creation,” said United Technologies Chairman and Chief Executive Officer Gregory Hayes on the divestment plan.
Now, with Collins Aerospace and Pratt & Whitney units, United Technologies will be able to focus far more effectively on its leadership in the aerospace world, as it reclaims its position back which had some void after the divestment of Sikorsky unit to Lockheed Martin.
Gregory Hayes retains his position of the Chairman and Chief Executive Officer of United Technologies, having the combined power of two key aerospace units, Pratt & Whitney and Collins Aerospace.
United Technologies’ acquisition of Rockwell Collins is one of the largest acquisitions and mergers in the history of aerospace world. This acquisition brings together Rockwell Collins along with UTC Aerospace Systems to create Collins Aerospace Systems, an industry leader with a global presence of 70,000 employees in 300 sites, 16,000 engineering work force and US$23 billion in annual sales on a 2017 pro forma basis.
“Collins Aerospace brings together two great companies with unmatched expertise in developing electrical, mechanical and software solutions,” said Gregory Hayes on the creation of the brand. “We will have a laser focus on developing innovative solutions for customers and generating strong returns for shareowners.” He added.
“I’m convinced that Collins Aerospace is a very special organization that will redefine the aerospace industry”, comments Kelly Ortberg, CEO of Collins Aerospace
| Kelly Ortberg, Chief Executive Officer, Collins Aerospace |
Kelly Ortberg, Chief Executive Officer, Collins Aerospace
“I’m convinced that Collins Aerospace is a very special organization that will redefine the aerospace industry”, comments Kelly Ortberg, CEO of Collins Aerospace
Collins Aerospace Systems will specifically have 6 business units:
- Aerostructures,
- Avionics,
- Interiors,
- Mechanical Systems,
- Mission Systems, &
- Power and Controls
Collins Aerospace is poised to serve the following segments:
- Commercial Aviation
- Business Aviation
- Military & Defence
- Helicopters
- Space
- Airports
- Other industries
With Collins Aerospace and Pratt & Whitney units, United Technologies will be able to focus far more effectively on its leadership in the aerospace world, as it reclaims its position back which had some void after the divestment of Sikorsky unit to Lockheed Martin. The sales portfolio of Collins Aerospace includes 75 per cent revenue from commercial market while the remaining 25 per cent from the military market.The R&D investment of the new entity is close to US$3.1 billion.
Kelly Ortberg takes charge of Collins Aerospace as Chief Executive Officer. Prior to this, Kelly has been the Chairman, President and CEO of Rockwell Collins. He seems to be quite upbeat about the new brand. “I’m convinced that Collins Aerospace is a very special organization that will redefine the aerospace industry”, he commented.
