CEDAR RAPIDS, Iowa, August 30, 2021 / PRNewswire / – Collins Aerospace, a company of Raytheon Technologies (NYSE: RTX), has signed a definitive agreement to acquire FlightAware, a leading digital aviation company that provides global flight tracking solutions, predictive technology, analytics and capture tools of decisions.
The closing of the acquisition is subject to compliance with the usual conditions and regulatory approvals. After closing, FlightAware will join Collins Portfolio of information management services within the company’s Avionics strategic business unit. The financial terms of the agreement were not disclosed.
“Global connectivity now shapes and affects all segments of aviation. FlightAware is the recognized leader in data collection, analysis and customer experience, which will help you Collins unlocking all the power of the connected ecosystem for our customers, ”he said Dave Nieuwsma, Head of Aviation at Collins Aerospace. “FlightAware’s largest data and flight tracking platform has the potential to provide new capabilities and innovations to our entire business.”
“The world’s aerospace companies and aircraft operators are looking for digital aviation to provide the next revolution in aviation efficiency and reliability,” he said. Daniel Baker, CEO of FlightAware, “and we are thrilled to join Collins Aerospace and Raytheon Technologies at this crucial time to continue to lead this revolution on an even larger scale.”
About FlightAware
Headquartered in Houston, Texas, with approximately 130 employees, FlightAware was founded in 2005 and is a leading provider of real-time historical flight information and information to the global aviation community. FlightAware serves all segments of the aviation market through the best applications and data services in its category that provide complete information on the current and expected movement of aircraft. By collecting, interpreting, and enriching hundreds of data sources, including data from FlightAware’s proprietary terrestrial ADS-B network with tens of thousands of receivers covering seven continents in 200 countries and territories, FlightAware transforms millions of raw flight data and provides them with consistent and easy-to-consume flight histories. As the only source of accurate and actionable data for aviation players large and small, FlightAware is critical to Aviation ™.
About Collins Aerospace
Collins Aerospace, a unit of Raytheon Technologies Corp., is a leader in technologically advanced intelligent solutions for the global aerospace and defense industry. Collins Aerospace has a broad capacity, a broad portfolio and extensive experience to solve the most difficult customer challenges and meet the demands of a rapidly evolving global market. For more information, visit CollinsAerospace.com.
About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government clients around the world. With four leading companies in the industry: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense, the company offers solutions that exceed the limits of avionics, cybersecurity, targeted energy, electric propulsion , hypersonics and quantum physics. The company, formed in 2020 thanks to the combination of Raytheon Company and the aerospace companies of United Technologies Corporation, is headquartered in Waltham, Massachusetts.
Precautionary statement regarding forward-looking statements
This release contains forward-looking statements, which include information about the acquisition, its prospects, and the expected timelines for closing the transaction. These forward-looking statements are not statements of historical facts and only represent the company’s current expectations regarding these matters. These statements intrinsically involve a wide range of known and unknown risks and uncertainties.
SOURCE Raytheon Technologies
