United Technologies, the publically-traded industrial products conglomerate, announced plans to by Rockwell Collins, a pioneer in the deploying augmented and virtual solutions in the aviation industry, for $30 billion. Under the deal, United Technologies’ aerospace systems unit will combine with Rockwell Collins to create a new unit called Collins Aerospace Systems, the companies said in a joint statement.
Since 1933, Rockwell Collins has been a pioneer in developing and deploying aviation solutions for both commercial and government applications. For example, Rockwell Collins brings wearable display technology for augmented and mixed-reality training in warfighter applications. Rockwell Collins manufactures and markets the SimEye SX50TII, a high-performance, helmet-mounted display that simulates head-up display functions for aircraft trainers on fixed- and rotary-wing aircraft.
United Technologies said that by integrating the two companies’ expertise in developing electrical, mechanical and software solutions, the new unit will deliver more innovative products and services.