United Technologies Corp. and Rockwell Collins could determine by the end of March the location of the corporate headquarters for a new entity that would be formed through UTC“™s acquisition of the Cedar Rapids, Iowa-based avionics contractor, The Gazette reported Monday.
Farmington, Connecticut-based UTC agreed to buy Rockwell Collins in September for approximately $30 billion and said it would combine the latter company with the conglomerate’s aerospace systems division into a new business unit that will operate as Collins Aerospace Systems.
Rockwell Collins said in a Q&A post on its intranet and made public through its Securities and Exchange Commission filing that the company expects to announce the new business unit“™s corporate office by the end of the second quarter of fiscal 2018, according to the report.
The report noted that Rockwell Collins“™ fiscal year starts Oct. 1 and runs through the end of September.
UTC expects to complete the acquisition in the third quarter of 2018.