M&A Deal Summary

Boeing Acquires Rockwell Automation - Aerospace and Defense Business

On August 1, 1996, Boeing acquired defense company Rockwell Automation - Aerospace and Defense Business from Rockwell Automation for 3.1B USD

Acquisition Highlights
  • This is Boeing’s 1st transaction in the Defense sector.
  • This is Boeing’s 4th largest (disclosed) transaction.
  • This is Boeing’s 1st transaction in the United States.

M&A Deal Summary

Date 1996-08-01
Target Rockwell Automation - Aerospace and Defense Business
Sector Defense
Buyer(s) Boeing
Sellers(s) Rockwell Automation
Deal Type Divestiture
Deal Value 3.1B USD

Target

Rockwell Automation - Aerospace and Defense Business

United States
Rockwell Automation's Aerospace and Defense business consists of product groups that include ICBM systems; tactical missiles; sensors; B-1B bomber; commercial aerostructures; aircraft and helicopter modifications; rocket propulsion including the Space Shuttle main engine; Space Station electric power; airborne laser and electro-optics; Space Shuttle integration, logistics and operations; Global Positioning System satellites; space defense and advanced programs.

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Buyer(S) 1

Buyer

Boeing

Arlington, Virginia, United States

website


Category Company
Founded 1916
Sector Aerospace
Employees156,000
Revenue 66.6B USD (2022)
DESCRIPTION
Boeing's corporate headquarters in downtown Chicago, Illinois.
Boeing's corporate headquarters in downtown Chicago, Illinois.

Boeing is a global aerospace company that operates in five principal segments. These segments include Commercial Airplanes; Boeing Defense, Space & Security (BDS) which comprises of Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S); and Boeing Capital Corporation (BCC). The Company's other business includes the activities of Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). EO&T provides Boeing with technical and functional capabilities, including information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management. Boeing was founded in 1916 and is based in Arlington, Virginia.


DEAL STATS #
Overall 1 of 32
Sector (Defense) 1 of 2
Type (Divestiture) 1 of 5
Country (United States) 1 of 28
Year (1996) 1 of 2
Size (of disclosed) 4 of 8
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-12-16 McDonnell Douglas

St Louis, Missouri, United States

McDonnell Douglas Corporation, an American aerospace manufacturer and defense contractor, manufactures commercial and military aircrafts.

Buy $13.3B

Seller(S) 1

SELLER

Rockwell Automation

Milwaukee, Wisconsin, United States

website


Category Company
Founded 1903
Sector Machinery
Employees23,500
Revenue 6.3B USD (2020)
DESCRIPTION
Rockwell Automation's corporate headquarters in downtown Milwaukee, Wisconsin.
Rockwell Automation's corporate headquarters in downtown Milwaukee, Wisconsin.

Rockwell Automation is a provider of industrial automation power, control and information solutions that help manufacturers achieve a competitive advantage for their businesses. Rockwell Automation was formed in 1903 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 1 of 6
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 5
Country (United States) 1 of 6
Year (1996) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 ElectroCraft

Stratham, New Hampshire, United States

ElectroCraft is a manufacturer of sub-fractional horsepower premium AC, DC servo, and brushless DC motors, gear motors, and transaxles for Original Equipment Manufacturers in a variety of commercial industries, including Medical Mobility, General Mobility, Floor Care, and Air/Fluid Movement, and office automation. ElectroCraft was founded in 1960 and is based in Stratham, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-09 Kato Engineering

Mankato, Minnesota, United States

Kato Engineering is a manufacturer of electric generators for power plants based in Mankato, Minnesota.

Sell -