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.
Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals. Following closing, FlightAware will join Collins' Information Management Services portfolio within the company's Avionics strategic business unit. Financial terms of the agreement were not disclosed.
"Global connectivity now shapes and impacts every segment of aviation. FlightAware is the recognized leader in data collection, analytics and customer experience, which will help Collins unlock the full power of the connected ecosystem for our customers," said Dave Nieuwsma, Collins Aerospace's head of Avionics. "FlightAware's flight tracking and data platform, the largest in the world, has the potential to deliver new capabilities and innovations across our entire business."
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"The world's aerospace companies and aircraft operators are looking to digital aviation to provide the next revolution in aviation efficiency and reliability," said Daniel Baker, CEO of FlightAware, "and we are excited to join Collins Aerospace and Raytheon Technologies at this pivotal time to continue to lead that revolution at an even broader scale."
Source: Raytheon Corporation
Date: Aug 30, 2021
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