Rockwell Collins Inc, a supplier of avionics and other electronic systems for commercial and military aircraft, has agreed to purchase aerospace communications firm Arinc Inc for $1.39 billion from the Carlyle Group LP . The transaction will combine Arinc's networks and services with Rockwell's avionics and cabin technologies to benefit from the growing field of aviation information management, Rockwell said in a statement on Sunday.
Shares of CG fell by 0.59% or $-0.16/share to $27.05. In the past year, the shares have traded as low as $23.85 and as high as $37.89. On average, 642303 shares of CG exchange hands on a given day and today's volume is recorded at 667576.
Rockwell Collins, Inc. (Rockwell Collins) is engaged in design, production and support of communications and aviation electronics for commercial and military customers worldwide. Shares of COL fell by 0.29% or $-0.22/share to $74.42. In the past year, the shares have traded as low as $46.37 and as high as $64.16. On average, 879573 shares of COL exchange hands on a given day and today's volume is recorded at 568015.
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