Rockwell collins has agreed a deal to acquire ARINC Incorporated - a leader in communications and information processing solutions for the commercial aviation industry -for $1.39 billion. "Strategically, this acquisition is a natural fit for us," said Kelly Ortberg, Rockwell Collins Chief Executive Officer and President. "ARINC's strong customer base, high customer retention rates and subscription business model will help the company achieve accelerated growth and benefit from greater earnings consistency throughout the commercial aviation business cycle."
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