CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--Rockwell Collins has reached an agreement to sell its Rollmet product line to Precision Castparts Corp. The sale is expected to be completed in the fiscal fourth quarter, subject to customary conditions to closing.
With this change in ownership, Rollmet will be better aligned with its end markets, which should enhance its strategic position, said Rockwell Collins Chairman, President, and Chief Executive Officer Clay Jones. This divestiture will also allow Rockwell Collins to focus more resources on growing our core markets.
The Rollmet business provides seamless alloy and stainless steel pipes and propulsion system components for the energy, petrochemical and defense industries.
About Rockwell Collins
Rockwell Collins (NYSE: COL) is a pioneer in the development and deployment of innovative communication and aviation electronic 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.