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 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.
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.
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.
July 25, 2011 |
Wrangling over the U.S. debt ceiling and questions over corporate earnings mean markets are unlikely to get a break any time soon. Wall Street is set to end its worst three months in a year as July draws to a close this week after a roller coaster ride for markets. The Standard & Poor's 500 index rallied 6% in the run-up to reporting season, but earnings misses from big industrial names such as Rockwell Collins Inc. and Caterpillar Inc. weighed on the Dow and S&P 500 on Friday.