boeing objects to united technologiesrockwell collins tieup
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

About the merger of US-based industrial conglomerate

Boeing objects to United Technologies-Rockwell Collins tie-up

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Boeing objects to United Technologies-Rockwell Collins tie-up

Aerospace giant Boeing
Washington - Al Maghrib Today

Aerospace giant Boeing raised concerns Tuesday about the merger of US-based industrial conglomerate United Technologies and aviation equipment supplier Rockwell Collins, saying it could use its weight with regulators to scrutinize the deal.
Boeing said it was concerned the deal announced Monday would not be in the best interests of the company.
"We intend to take a hard look at the proposed combination of United Technologies and Rockwell Collins," Boeing said in a statement.  
The company said it was "skeptical" about whether the deal between two major suppliers to the aerospace industry "would be in the best interest of -- or add value to -- our customers and industry."
If Boeing decides the merger is "inconsistent with those interests, we would intend to exercise our contractual rights and pursue the appropriate regulatory options to protect our interests." 
In the $30 billion deal, including debt, United Technologies (UTC) will offer $140 per share to Rockwell Collins, or $23 billion in addition to debt recovery.
A UTC spokeswoman declined to comment directly on Boeing's statement, pointing to comments from executives on a conference call Tuesday in which they characterized the transaction as a win for customers.
UTC Chairman and CEO Greg Hayes said any concessions to customers on existing contracts would not be significant and that the deal on the whole would in fact be a winner for these companies.
"Imagine the ability to combine these systems, architecture to reduce weight, to reduce cost for the airlines, those are the things that I think they're going to be interested in as opposed to simply the scale of these combined businesses," Hayes told analysts.
- 'Not eliminating competition' -
Hayes said the Rockwell deal involved much less overlap between the two companies compared with a proposed $90 billion takeover of Honeywell that fizzled in 2016 and was reportedly opposed by Boeing and Airbus.
"You'll recall with Honeywell, they were somewhere between $8 billion and $10 billion of product overlap on the aerospace side. For this combination, we're talking only a couple of hundred million dollars overlap, so there is not big divestiture risk," Hayes said.
"This is not like we're eliminating any competition anywhere across the business."
United Technologies, headquartered in Farmington, Connecticut, employs more than 200,000 people and had 2016 revenues of $57.2 billion.
Rockwell Collins, based in Cedar Rapids, Iowa, manufactures electronic equipment for cockpits and cabins. It had 2016 revenues of $5.3 billion and employs 19,000 people. Last year, it acquired the American group B/E Aerospace for $6.4 billion. 
The deal comes as aircraft manufacturers are pressuring subcontractors to lower prices on equipment.

 

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

boeing objects to united technologiesrockwell collins tieup boeing objects to united technologiesrockwell collins tieup

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

boeing objects to united technologiesrockwell collins tieup boeing objects to united technologiesrockwell collins tieup

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 15:17 2017 Thursday ,17 August

Three airlines jostling for Air Berlin assets: CEO

GMT 05:38 2017 Thursday ,06 April

ExxonMobil, Qatar Petroleum sign Cyprus gas deal

GMT 02:41 2016 Saturday ,24 December

Oil dips before holiday week; Libyan output boost weighs

GMT 11:31 2014 Thursday ,14 August

Kanye West's new single 'All Day' leaks online

GMT 10:43 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 08:27 2018 Friday ,05 January

US warns Iran to be held to account

GMT 09:17 2017 Saturday ,23 December

Ugandan army says it attacked rebel camps

GMT 01:57 2017 Saturday ,21 January

In Libya, Daesh down but not out

GMT 05:51 2012 Wednesday ,18 January

Shireen’s latest out soon

GMT 08:56 2017 Thursday ,26 October

Workplace harassment blights industries across board

GMT 17:51 2017 Wednesday ,25 October

Maxwell says refused service over kneeling for anthem

GMT 17:53 2016 Wednesday ,20 April

OIC slams Netanyahu 's statements on Golan Heights

GMT 14:41 2016 Tuesday ,19 January

2 Daesh members killed in Libya's Derna

GMT 21:51 2016 Monday ,29 February

Airstrike targets suspected Daesh convoy in Libya

GMT 21:18 2016 Tuesday ,15 November

Rare suicide attack south of Baghdad kills 8

GMT 17:56 2015 Thursday ,27 August

US journalist killings revive gun control debate
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday