|B/E Aerospace Super Diamond business class seat. Photo: Rockwell Collins
[Avionics Magazine 10-25-2016] Rockwell Collins is set to acquire B/E Aerospace for $8.3 billion. The aerospace and defense giant has sign a definitive agreement under which Rockwell Collins will acquire B/E Aerospace for approximately $6.4 billion in cash and stock, plus the assumption of $1.9 billion in net debt.
The transaction combines Rockwell Collins’ capabilities in flight deck avionics, cabin electronics, mission communications, simulation and training, and information management systems with B/E Aerospace's range of cabin interior products, which include seating, food and beverage preparation and storage equipment, lighting and oxygen systems, and modular galley and lavatory systems for commercial airliners and business jets.
The acquisition increases Rockwell Collins’ scale and diversifies its product portfolio, customer mix and geographic presence, according to an Oct. 24 statement released by the company.