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

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below