Raytheon Buys FlightAware to Bolster Digital Aerospace Offerings
(Bloomberg) -- Collins Aerospace will acquire the popular flight-tracking service FlightAware as the aerospace and defense giant aims to bolster its lineup of digital products and services, the unit of Raytheon Technologies Corp. said Monday.
The deal will add the world’s largest flight tracking and data platform to the aerospace heavyweight’s portfolio of aircraft systems. It advances Collins’ push to expand its offerings amid rising demand for data-based services and analytics in commercial aerospace.
“FlightAware is the recognized leader in data collection, analytics and customer experience,” Dave Nieuwsma, head of avionics at Collins, said in a statement. The purchase will help Collins unlock value for its customers, he said.
Collins plans to fold the closely-held Houston-based company into its avionics business once the deal closes, pending regulatory approvals, the company said in a statement. Financial terms weren’t disclosed.
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