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Collins Aerospace
Company type Subsidiary
Industry Aerospace and industrial
Predecessors
Founded2018; 6 years ago (2018)
Headquarters
Charlotte, North Carolina
,
United States
Number of locations
300+  [1]
ProductsActuation systems, aerostructures, airport services, avionics, cabin management, communications, displays, electric systems, electronic warfare systems, engine components, engine & control systems, interiors, landing gear, navigation, propeller systems, sensors & integrated systems, simulation & training, space systems, wheels & brakes
ServicesEngineering services, repair services, spare parts, technical support
Revenue
  • IncreaseUS$26.2 billion (2023) [2]
Number of employees
80,000+ (2023) [3]
Parent RTX Corporation
DivisionsAerostructures, Avionics, Interiors, Mechanical Systems, Missions Systems, Power & Controls
Website collinsaerospace.com

Collins Aerospace is an American technology company that is one of the world's largest suppliers of aerospace and defense products. Headquartered in Charlotte, North Carolina, [4] it is a subsidiary of RTX Corporation (formerly Raytheon Technologies).

History

On November 26, 2018, United Technologies announced the completion of its Rockwell Collins acquisition, after which it merged its newly acquired business with UTC Aerospace Systems to form Collins Aerospace. This acquisition controversially led to multiple class action lawsuits being filed against the company alleging that the executives deliberately misled its shareholders on the nature of the acquisition. [5]

The new company reported $26 billion of combined sales in 2019 and is composed of 68,000 employees. [1] [6] In 2020 United Technologies merged with Raytheon Company to form Raytheon Technologies.

In July 2023, Collins agreed to sell its actuation and flight controls business unit to French multinational Safran in an all-cash deal worth $1.8 billion. [7] [8]

On 24 January 2024, Collins Aerospace, announced an investment of over £16 million at its Kilkeel site in Co Down for developing advanced passenger seating for wide-body and twin-aisle aircraft. This investment was announced by Joe Kennedy III, US Special Envoy to Northern Ireland for Economic Affairs. [9]

Products

Collins Aerospace is engaged in designing, manufacturing and servicing systems and components for commercial aviation, business aviation, military and defense, helicopters, space, airports, and other industries.

Collins Aerospace has six strategic business units: Aerostructures, Avionics, Interiors, Missions Systems, Connected Aviation Solutions, and Power & Controls. [4]

Ithaco Space Systems, Inc.

Collins Aerospace was the owner of Ithaco Space Systems, Inc., formerly owned by Goodrich Company and its successor UTC Aerospace Systems. In September 2020, Raytheon Technologies Corp. (NYSE: RTX) completes the sale of its electro-optics technology business headquartered in Danbury, Connecticut to AMERGINT Technologies Holdings, Inc. (ATH). The business is renamed Danbury Mission Technologies (Danbury). Andreas Nonnenmacher, President of Danbury Mission Technologies, concurrently assumes responsibilities as President of ATH. The business is reported to have 530 employees at the time of its acquisition. [10] [11]

In addition to over 100 U.S. satellites, equipment made by Ithaco has flown on Japanese, Canadian, French, German, Spanish, Swedish, and Argentinean spacecraft. Ithaco became notable for having manufactured the reaction wheels of the Kepler spacecraft, the Hayabusa spacecraft, the Mesosphere Energetics and Dynamics (TIMED) satellite, and the Dawn spacecraft, which developed problems or even failed. [12]

FlightAware

On August 20, 2021, Collins Aerospace announced the acquisition of FlightAware for an undisclosed amount. FlightAware is a technology company that provides real-time, historical, and predictive flight data and flight-tracking products. [13]

See also

References

  1. ^ a b "2020 Annual Report". Raytheon Technologies. Retrieved April 16, 2021.
  2. ^ "RTX 2023 Annual Report". RTX. p. 14. Retrieved March 14, 2024. Net sales $26,253. Adjusted net sales $26,198
  3. ^ About Us
  4. ^ a b "Contact". Collins Aerospace. Archived from the original on April 1, 2020. Retrieved April 1, 2020.
  5. ^ "Multiple suits filed against Rockwell Collins acquisition". www.thegazette.com. Retrieved October 2, 2022.
  6. ^ "United Technologies [...] Completes Acquisition of Rockwell Collins" (Press release). United Technologies. November 26, 2018. Archived from the original on March 20, 2020. Retrieved March 20, 2020.
  7. ^ White, Sarah (July 21, 2023). "Safran to buy Collins flight controls unit for $1.8bn". Financial Times.
  8. ^ Turpin, Augustin; Hepher, Tim (July 21, 2023). "Safran agrees to buy Collins flight controls business". Reuters.
  9. ^ McCambridge, Jonathan (January 25, 2024). "US company invests £16m at Co Down site to develop aircraft seats". Evening Standard. Retrieved January 25, 2024.
  10. ^ "Raytheon sells off Danbury-based space optics business".
  11. ^ "DACIS: Unauthorized".
  12. ^ Cowen, Ron (May 21, 2013). "The wheels come off Kepler". Nature. 497 (7450): 417–418. Bibcode: 2013Natur.497..417C. doi: 10.1038/497417a. PMID  23698418.
  13. ^ "Collins Aerospace to acquire FlightAware". www.collinsaerospace.com. Retrieved August 31, 2021.

External links

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