Collins Aerospace Sets Sights on FlightAware Acquisition

Collins Aerospace, a division of Raytheon Technologies (NYSE: RTX), has finalized an agreement to procure privately owned FlightAware, a premier digital aviation firm offering worldwide flight monitoring solutions, predictive technologies, analytics, and decision-making instruments.

Completion of the acquisition is contingent upon satisfying standard conditions and obtaining regulatory endorsements. After the agreement is finalized, FlightAware will integrate into Collins’ Information Management Services suite within the Avionics strategic business unit. The financial specifics of the arrangement remain undisclosed.

“Worldwide connectivity now influences and affects every facet of aviation. FlightAware stands as the acknowledged authority in data aggregation, analytics, and customer engagement, which will assist Collins in harnessing the complete potential of the connected ecosystem for our clientele,” stated Dave Nieuwsma, the head of Avionics at Collins Aerospace. “FlightAware’s flight monitoring and data platform, the largest globally, holds the promise of delivering groundbreaking capabilities and innovations across our entire operations.”

“The aerospace industry and aircraft operators around the globe are turning to digital aviation to ignite the next wave of efficiency and reliability in aviation,” remarked Daniel Baker, CEO of FlightAware, “and we are thrilled to partner with Collins Aerospace and Raytheon Technologies at this critical juncture to further champion that revolution on a much larger scale.”