M&A Deal Summary

Raytheon Technologies Acquires Rockwell Collins

On September 4, 2017, Raytheon Technologies Corp. acquired electronics company Rockwell Collins, Inc. for 30.0B USD

Acquisition Highlights
  • This is Raytheon Technologies’ 1st transaction in the Electronics sector.
  • This is Raytheon Technologies’ 1st largest (disclosed) transaction.
  • This is Raytheon Technologies’ 14th transaction in the United States.
  • This is Raytheon Technologies’ 2nd transaction in Iowa.

M&A Deal Summary

Date 2017-09-04
Target Rockwell Collins, Inc.
Sector Electronics
Buyer(s) Raytheon Technologies Corp.
Deal Type Add-on Acquisition
Deal Value 30.0B USD
Advisor(s) J.P. Morgan Securities LLC
Citigroup Investment Banking (Financial)
Skadden, Arps, Slate, Meagher & Flom LLP (Legal)

Target

Rockwell Collins, Inc.

Cedar Rapids, Iowa, United States
website
Rockwell Collins is a developer and deployment of innovative communication and aviation electronic solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications, information management, and simulation and training is delivered by a global workforce, and a service and support network that crosses 27 countries. Rockwell Collins was founded in 1933 and is based in Cedar Rapids, lowa.

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Buyer(S) 1

Buyer

Raytheon Technologies Corp.

Waltham, Connecticut, United States

website


Category Company
SectorDiversified
Employees181,000
Revenue 56.6B USD (2020)
DESCRIPTION

Raytheon Technologies is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries.


DEAL STATS #
Overall 17 of 21
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 14 of 17
State (Iowa) 2 of 2
Country (United States) 14 of 18
Year (2017) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Sikorsky Aircraft Corp.

Stratford, Connecticut, United States

Sikorsky Aircraft Corp. is a designer, manufacturer, and servicer of military and commercial helicopters. Sikorsky was formed in 1925 and is based in Stratford, Connecticut.

Sell $9.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 MobileView

United States

MobileView is a provider of mobile surveillance and video management solutions to more than 35,000 transit bus and rail vehicles in the United States. MOBILEVIEW’S products enable transportation professionals to capture, record, analyze, and control video evidence to enhance security, maximize resources, and increase vehicle uptime.

Sell -