Posted on 11/28/2018
United Technologies Corp. (UTC) completed its $30 billion acquisition of Rockwell Collins, laying out a plan to emerge as an aerospace-focused company that comprises the newly formed Collins Aerospace and Pratt & Whitney, UTC announced on November 27. The company, meanwhile, will spin off non-aerospace units, including Otis and Carrier, into independent entities.
Completion of the acquisition came shortly after receipt of China clearance, the final of the three key regulatory approvals. China’s signoff followed U.S. clearance on October 2 and European approval on May 4.
Announced Sept. 4, 2017, the acquisition is one of the largest among aerospace suppliers, creating a “super supplier” that combines UTC's portfolio of power ge...