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December 23, 2013
17:40 EDTCOLRockwell Collins sells ARINCís Industry Standards unit to SAE International
Rockwell Collins also announced that it has completed the sale of ARINCís Industry Standards Organization to SAE International simultaneously with the completion of the ARINC acquisition. In addition, due to a lack of fit with its long-term strategy, Rockwell Collins has initiated preparatory efforts to divest ARINCís Aerospace Systems Engineering and Support business, which provides military aircraft integration and modifications, maintenance, and logistics and support. In total these businesses accounted for approximately 15% of ARINCís FY13 revenues.
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