CEDAR RAPIDS, Iowa (Jan. 4, 2010) - Rockwell Collins, Inc. (NYSE: COL) has completed the acquisition of AR Group, Inc., and its affiliated companies, including Air Routing International, a premier provider of trip support services for business aircraft flight operations.
Under the terms of the agreement, Rockwell Collins will acquire all outstanding shares of AR Group, Inc. and its affiliated companies. The acquisition is expected to be neutral to Rockwell Collins' fiscal year 2010 earnings. During the transition, the company will go to market as Air Routing International, a Rockwell Collins Company.
"One of our growth strategies is to extend beyond products and systems to bring value-added applications and services for flight operations," said Steve Timm, vice president and general manager, Information Management at Rockwell Collins. "Air Routing's expertise in flight planning and trip support is a natural fit with this strategy. We look forward to the opportunity to deliver new levels of service to current and future customers."
Rockwell Collins is a leading provider of flight deck, cabin and information management solutions for business aircraft operators.
Air Routing has been providing flight departments with trip planning services for more than 30 years. Recently, the company extended its offering to give customers comprehensive online access to its flight support tools. This offering provides customers with a single-source, global solution for weather services, flight planning services, fuel arrangements, international trip handling and concierge services.
Rockwell Collins announced its intent to purchase Air Routing in November 2009. Read the full release here
Rockwell Collins (NYSE: COL) is a pioneer in the development and deployment of innovative communication and aviation electronics solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications, information management and simulation and training is delivered by nearly 20,000 employees, and a global service and support network that crosses 27 countries. To find out more, please visit www.rockwellcollins.com.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the risks inherent in the acquisition and integration of AR Group, Inc.into Rockwell Collins.