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Business

Rockwell Collins finds buyer for flight stabilizer business

Department of Justice requires divestiture of two businesses before approving acquisition to UTC

(FILE PHOTO) The doors are closed during a special meeting of shareowners for Rockwell Collins at the Cedar Rapids Marriott in Cedar Rapids on Thursday, Jan. 11, 2018. (Stephen Mally/The Gazette)
(FILE PHOTO) The doors are closed during a special meeting of shareowners for Rockwell Collins at the Cedar Rapids Marriott in Cedar Rapids on Thursday, Jan. 11, 2018. (Stephen Mally/The Gazette)

A French aerospace company plans to buy one of the businesses Rockwell Collins has been ordered to divest by the U.S. Department of Justice before United Technologies Corporation can close its acquisition.

In its half-year earnings report, Paris-based Safran S.A. said has agreed to purchase Rockwell’s trimmable horizontal stabilizer actuators, or THSAs, business.

THSAs equipment are designed to help airplanes stay level while in flight.

Safran said the deal is pending regulatory approval, but is expected to close in the first half of 2019.

The Rockwell facilities that produce THSAs are located in Florida, California and Mexico.

Justice Department officials also want Rockwell to divest its wing de-icer business before giving final approval to the deal. The de-icer facilities are located in West Virginia.

l Comments: (319) 398-8366; dan.mika@thegazette.com

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