United Technologies’ Blockbuster Forges Do-It-All Aviation Giant
United Technologies Corp. agreed to buy Rockwell Collins Inc. for about $23 billion, creating an aerospace behemoth that can outfit jetliners and warplanes from tip to tail. The transaction, one of the biggest in aviation history, gives rise to an aircraft-parts giant better positioned to withstand the squeeze from planemakers Boeing Co.and Airbus SE for pricing discounts and higher output. The resulting company will boast a broad suite of products for commercial aircraft, from Rockwell Collins’s touchscreen cockpit displays to jet engines made by the Pratt & Whitney division of United Technologies.
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