Collins Aerospace has announced plans to buy FlightAware, which provides the worldâs largest flight tracking and data platform.
FlightAware will join Collinsâ Information Management Services portfolio within the companyâsâŻAvionicsâŻstrategic businessâŻunit, according to a news release.
Financial terms of the agreement were not disclosed.
âGlobal connectivity now shapes and impacts every segment of aviation,â said Dave Nieuwsma, Collins Aerospaceâs head of Avionics in a statement. â[The deal] will help Collins unlock the full power of the connected ecosystem for our customers. FlightAwareâs flight tracking and data platform, the largest in the world, has the potential to deliver new capabilities and innovations across our entire business.â
âThe worldâs aerospace companiesâŻand aircraft operators are looking to digital aviation to provide the next revolution in aviation efficiency and reliability,â said Daniel Baker, CEO of FlightAware.
âWe are excited to join Collins Aerospace and Raytheon Technologies at this pivotal timeâŻtoâŻcontinue toâŻlead that revolutionâŻat an even broader scale.â
Collins is a part of Raytheon Technologies, which was formed in 2020 through the combination of Raytheon Company and United Technologies Corp.
Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense make up the remainder of the company, which has 195,000 employees globally.
Closure of theâŻacquisition is subject to the completion of customary conditions and regulatoryâŻapprovals.
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