M&A Deal Summary

RTX Acquires Sundstrand

On February 23, 1999, RTX acquired aerospace company Sundstrand for 4.3B USD

Acquisition Highlights
  • This is RTX’s 1st transaction in the Aerospace sector.
  • This is RTX’s 3rd largest (disclosed) transaction.
  • This is RTX’s 5th transaction in the United States.
  • This is RTX’s 1st transaction in Illinois.

M&A Deal Summary

Date 1999-02-23
Target Sundstrand
Sector Aerospace
Buyer(s) RTX
Deal Type Add-on Acquisition
Deal Value 4.3B USD

Target

Sundstrand

Rockford, Illinois, United States
Sundstrand Corp., a maker of internal systems for airplanes.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

RTX

Arlington, Virginia, United States

Category Company
Founded 1934
Sector Diversified
Employees185,000
Revenue 68.9B USD (2023)
DESCRIPTION

RTX 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. RTX was founded in 1934 and is based in Arlington, Virginia.


DEAL STATS #
Overall 5 of 21
Sector (Aerospace) 1 of 4
Type (Add-on Acquisition) 5 of 17
State (Illinois) 1 of 1
Country (United States) 5 of 18
Year (1999) 1 of 2
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1979-07-01 Carrier

Palm Beach Gardens, Florida, United States

Carrier is a producer of heating, air-conditioning and refrigeration solutions. Carrier provides sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Carrier was founded in 2019 and is based in Palm Beach Gardens, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-04 UT Automotive

Dearborn, Michigan, United States

UT Automotive is a supplier of motor, interior, electronic and electrical products to the automotive industry.

Sell $2.3B