August 19, 1998 |
Westinghouse Air Brake Co. said Tuesday it has agreed to buy Rockwell International Corp.'s railroad electronics division for $80 million, improving its train brake and communications product lines. Westinghouse Air Brake, one of North America's largest makers of locomotive equipment, bought the unit from Rockwell Collins Inc. in Cedar Rapids, Iowa. Rockwell Collins is a subsidiary of Costa Mesa-based Rockwell.
August 12, 2013 |
Rockwell Collins Inc. announced over the weekend it is buying ARINC, a flight systems company, for $1.39 billion, from private equity firm the Carlyle Group. The deal will bolster Cedar Rapids, Iowa-based Rockwell Collins' flight systems business. "Strategically, this acquisition is a natural fit for Rockwell Collins,” Kelly Ortberg, Rockwell Collins' chief executive, said in a statement. “It accelerates our strategy to develop comprehensive information management solutions by building on our existing information-enabled products and systems and ARINC's ground - based networks and services to further expand our opportunities beyond the aircraft.
March 8, 2005
* American International Group Inc. said that Chairman Maurice "Hank" Greenberg received a subpoena from New York Atty. Gen. Eliot Spitzer regarding policies that may help companies smooth earnings. * Kroger Co. will restate and cut profit for three years after new regulatory guidelines were issued on accounting for store leases. Kroger will reduce earnings by less than 1 cent a share for 2001, 2002 and 2003, the Cincinnati-based company said. * National Medical Health Card Systems Inc.
March 10, 2007 |
In a move expected to boost U.S. aviation industry sales to China's fast-growing market, the Federal Aviation Administration opened an office in Shanghai on Friday to aid Chinese manufacturers' efforts to get certification for their aircraft. The office initially will support efforts by China's General Administration of Civil Aviation to meet safety standards and gain approval for its planned ARJ-21 passenger jet, said John Hickey, director of the FAA's Aircraft Certification Service.
August 8, 2012 |
LAS VEGAS -- Two of the major challenges the government faces in attempting to allow thousands of small drones into U.S. airspace are knowing where the aircraft are in relation to other aircraft flying nearby and making sure they're safe from hacker attacks. Rockwell Collins Inc. believes it has addressed both concerns with a device that's slightly larger than a postage stamp. The company's unassuming MicroGRAM device promises to provide precise and secure GPS technology for the kind of small drones that police agencies want to use to spot runaway criminals.
February 13, 2007 |
Boeing Co. announced Monday that it would propose a redesigned version of the 767 jetliner as its entry in the bidding for a $40-billion contract to supply the Air Force with new aerial refueling tankers. The aerospace giant said it had tweaked the design of its 767 long-range freighter to improve fuel-efficiency and allow it to take off and land on shorter runways. Chicago-based Boeing is competing against Century City-based Northrop Grumman Corp.