Collins To Acquire Air Routing International
November 27, 2009 - Rockwell Collins, Inc. (NYSE: COL) announced its
intent to acquire AR Group, Inc., and its affiliated companies including
Air Routing International, a premier provider of trip support services
for business aircraft flight operations. Terms of the agreement were not
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. The
company has 240 employees and is headquartered in
"The acquisition of Air Routing will broaden our information management
and aftermarket services offerings," said Rockwell Collins Chairman,
President and CEO Clay Jones. "Air Routing's strong customer
relationships, flight operations support services and trusted agent
network complement our information management strategy to deliver
enhanced value to business aircraft operators."
global presence and strong reputation in business aviation complement
Air Routing's offerings, especially for our new flight support services"
said Air Routing Group CEO, Rudy Fabre. "We're very excited about the
opportunity this provides to deliver even greater value to new and
Rockwell Collins currently provides flight deck, cabin and information
management solutions to business aircraft operators. The acquisition of
Air Routing will extend the company's service offerings to enable global
flight operation support services that leverage emerging connectivity
Pursuant to the terms of the agreement, Rockwell Collins will acquire all outstanding shares of AR Group, Inc. and its affiliated companies. The transaction is expected to be completed in about 40 days and is subject to customary conditions to closing, including regulatory and other approvals. The acquisition is expected to be neutral to Rockwell Collins' fiscal year 2010 earnings. AR Group, Inc. was advised by Stoneworth Financial in this transaction.
Air Routing International is a worldwide leader in corporate flight
handling and trip support. For the past 31 years, Air Routing has
continued to guide corporate flight planners and pilots through the
challenges of domestic and international air travel, providing services
ranging from international permits and route planning to weather reports
as well as refueling and online services. www.airrouting.com.
Rockwell Collins 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.
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