Shareholders Approve Sale of Rockwell Collins

Jan 11, 2018

Shareholders at Cedar Rapids-based Rockwell Collins are saying yes to selling the aviation company to United Technologies.

More than 96 percent of all votes cast by shareholders approved the $30 billion acquisition deal.

The Cedar Rapids headquarters of Rockwell Collins
Credit Rockwell Collins

Pending regulatory approval, Rockwell Collins will combine with UTC Aerospace Systems to form a new United Technologies business called Collins Aerospace Systems.

The deal is expected to close during the third quarter of 2018.

Rockwell Collins CEO Kelly Ortberg will become chief executive of the new enterprise.

In a statement, Ortberg says the purchase will make a stronger company that is better positioned for long-term success.

Rockwell Collins is the largest private employer in Cedar Rapids.