British defence company BAE Systems on Monday said it had agreed to buy key electronic systems from US peers Raytheon and United Technologies whose planned merger has necessitated asset sales. In a statement, BAE said it would pay $1.925 billion (1.734 billion euros) in cash for the military global positioning system (GPS) belonging to United […]

DefenceTalkUS-based industrial conglomerate United Technologies announced on Monday it had reached an agreement to buy aerospace supplier Rockwell Collins for $30 billion, including debt. “This acquisition adds tremendous capabilities to our aerospace businesses and strengthens our complementary offerings of technologically advanced aerospace systems,” said UTC Chairman and Chief Executive Officer Greg Hayes. “Together, Rockwell Collins […]https://www.defencetalk.com/united-technologies-snaps-up-rockwell-collins-for-30-billion-70416/

DefenceTalkUnited Technologies chief executive Gregory Hayes said Friday that Honeywell’s recent $90 billion offer for the industrial group “grossly undervalues” the company. Hayes reiterated his rejection of the last week’s bid after Honeywell revealed the details publicly for the first time on Friday, including the price it had proposed. Honeywell offered the equivalent of $108 […]https://www.defencetalk.com/united-technologies-says-90bn-honeywell-bid-too-low-66879/