Rockwell Collins to Purchase ITAC

16 August 2007 (Last Updated August 16th, 2007 08:44)

Rockwell Collins is to buy all outstanding shares of Information Technology and Applications Corporation (ITAC) for $38m. ITAC is a privately-held engineering and products company that provides intelligence, surveillance, reconnaissance and communications solutions. It focuses

Rockwell Collins is to buy all outstanding shares of Information Technology and Applications Corporation (ITAC) for $38m.

ITAC is a privately-held engineering and products company that provides intelligence, surveillance, reconnaissance and communications solutions.

It focuses on the development of cutting-edge capabilities for war fighters and facilitates access to, and use of, near real-time geospatial intelligence and other mission-critical information.

The deal is not expected to have any material effect on Rockwell Collins' financial performance for 2007 and 2008.