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Rockwell Collins to buy flight systems firm Arinc for $1.39 bln
August 12, 2013 / 12:30 AM / 4 years ago

Rockwell Collins to buy flight systems firm Arinc for $1.39 bln

Aug 11 (Reuters) - Rockwell Collins Inc, a supplier of avionics and other electronic systems for commercial and military aircraft, has agreed to buy aerospace communications firm Arinc Inc for $1.39 billion from the Carlyle Group LP .

The transaction will combine Arinc’s networks and services with Rockwell’s avionics and cabin technologies to benefit from the growing field of aviation information management, Rockwell said in a statement on Sunday.

Annapolis, Maryland-based Arinc is expected to report more than $600 million in revenue this year, Rockwell said. Carlyle bought Arinc in 2007 from a group of U.S. airlines for an undisclosed sum.

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