PRESS RELEASE
Issued by: Collins Aerospace, Power & Controls
Athena Technologies, Inc., a privately held company that develops and provides flight control and navigation solutions primarily to the Unmanned Aerial Vehicle (UAV) market segment, announced today the intent to be acquired by Rockwell Collins, Inc. (NYSE: COL). Terms of the agreement were not disclosed.
David Vos, Athena Technologies' founder and CEO, said, "This new relationship with Rockwell Collins provides an exciting and enabling platform to leverage Athena's successful navigation and controls systems to play a leading role in the future convergence of manned and unmanned aviation. It is a tremendous honor to join the Rockwell Collins team and continue to pioneer future aviation solutions and technology."
"Athena Technologies' proven track record in creating leading navigation and control solutions for UAVs, combined with our existing capabilities, provides Rockwell Collins with exciting, new growth opportunities," said Rockwell Collins Chairman, President and CEO Clay Jones. "We look forward to integrating our combined capabilities to bring new control solutions to both military and commercial market segments."
The transaction is expected to be completed in about 30 days and is subject to regulatory approvals. The acquisition is expected to be neutral to Rockwell Collins' fiscal year 2008 earnings.
Athena Technologies is a premier developer and producer of navigation and control systems. Founded in 1998, the company produces the GuideStar® family of versatile, compact and cost-effective flight control systems for applications on commercial aircraft, UAVs, target drones and missiles. The company is an independent, privately held firm with headquarters in Northern Virginia. Additional information is available at www.athenati.com.
Rockwell Collins (NYSE: COL) 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 20,000 employees, and a global service and support network that crosses 27 countries. To find out more, please visit www.rockwellcollins.com.
| Contact details from our directory: | |
| Collins Aerospace, Power & Controls | Automatic Flight Control Systems, Engine Controls |
| Collins Aerospace, Avionics Division | Head-Up Displays, Radio Communications Equipment, Moving Maps, Enhanced Vision Systems (EVS), LCD Displays, Engine Indicator Instruments, Cabin Management Systems, Automatic Flight Control Systems, Inflight Entertainment, Automatic Direction Finders, Cabin Address Systems, Autopilots, Radar/Radio Altimeters, Distance Measuring Equipment, VOR (Omnirange) Receivers, Avionics Management Systems, Air-to-Ground Data Links, Multi-Mode Receivers (MMR), Engine Control Quadrants, Control Panels, Aircraft & Helicopter Controllers, Collision Avoidance Systems/TCAS, Helmet-Mounted Displays (HMD), Weather Mapping Radar, Inertial Components & Systems, Attitude and Heading Reference Systems, Navigation Antennas, Transceivers, Flight Recorders, Cockpit Printers, Flight Directors, Flight Management Systems, Electronic Flight Instrument Systems, Air Data Computers, Onboard Computers, UAV Control Software, GPS, Simulation Systems, Surveillance/Air Defense Radar, Engine Controls, Terrain Awareness and Warning Systems, Horizontal Situation Indicator, Instrument Landing Systems, Command, Control & Intelligence Systems, Airborne Communication Systems, Cockpit Video Displays, Onboard Intercom Systems |
| Related directory sectors: |
| Flight and Data Management |
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