United Technologies Chief Executive Greg Hayes will remain as CEO of the combined company, and Rockwell chief Kelly Ortberg will run a new business known as Collins Aerospace that will combine the parts businesses, the companies said. We look forward to the next chapter in Rockwell Collins’ long and proud history, as part of UTC.”

According to the agreement, each Rockwell Collins share owner will receive $93.33 per share in cash and $46.67 in shares of UTC common stock. Slideshow (3 Images)

The deal, which includes $7 billion in Rockwell’s debt, is expected to save more than $500 million by the fourth year after its completion, the companies said. United Tech, which makes Otis elevators and Pratt & Whitney engines, said Monday, Sept. 4, 2017, it's paying $140 per share in cash and stock for Rockwell Collins, a 9.4 premium over Tuesday's closing price, when reports of a deal surfaced.
United Technologies Corp will buy airplane parts maker Rockwell Collins for USD$30 Billion, including seven billion in debt previously incurred by Rockwell Collins.