United Technologies announced Monday night that it is spending 30 billion dollars to acquire Rockwell Collins, which is based in Cedar Rapids, with a plant in Manchester as well. Reynolds spoke with Rockwell Collins CEO Kelly Ortberg by phone Tuesday morning.
The new company will be called Collins Aerospace Systems. The governor says her conversation with the Iowa native who now leads Rockwell Collins was “very positive.”
Rockwell’s Ortberg will be CEO of Collins Aerospace Systems, while United Technologies’ current CEO will serve as president and chief operating officer of the new company. The deal must be approved by federal regulators.
Boeing, the other major player in the aerospace industry, has issued a statement, saying its executives are reviewing the details may ask regulators to “protect” Boeing’s interests and block the deal.
(story courtesy of Radio Iowa)