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Collins Aerospace To Acquire Flightaware

Aug 30, 2021•almost 4 years ago

Acquiring Company

Collins Aerospace (RTX Corporation)

Acquired Company

FlightAware

CharlotteScience And EngineeringGovernment And MilitaryManufacturingSoftwareSales And Marketing

Description

Collins Aerospace, a Raytheon Technologies business (NYSE: RTX), has signed a definitive agreement to acquire privately held FlightAware, a leading digital aviation company providing global flight tracking solutions, predictive technology, analytics and decision-making tools.

Company Information

Company

Collins Aerospace (RTX Corporation)

Location

Charlotte, North Carolina, United States

About

Collins Aerospace, a division of RTX Corporation, provides aerospace and defense products and services. It is known for its advanced technologies in avionics, communication systems, and aerospace components. The company has a significant presence in the global aerospace market and serves a variety of customers. RTX Corporation, previously known as Raytheon, focuses on technology and innovation in defense and aerospace.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed