United Technologies (UTC) announced the completion of its acquisition of Rockwell Collins late Monday, November 26, more than a year after it declared its plans to buy Cedar Rapids’ largest employer.
Rockwell will combine with Charlotte, NC-based UTC Aerospace Systems to form Collins Aerospace Systems. Collins Aerospace spokeswoman Pam Tvrdy-Cleary said there are no immediate changes planned as to how many employees will be based in Cedar Rapids or Collins Aerospace’s other locations in Eastern Iowa.
“Collins Aerospace remains committed to Iowa employees and helping the areas in which they live and work continue to thrive,” she wrote in an email to The Gazette.
It will have some 70,000 employees, and Kelly Ortberg, Rockwell Collins CEO and president will be CEO of Collins Aerospace. UTC Aerospace President Dave Gitlin will be president.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI