Flight data analysis tech company FlightAware acquired by Collins Aerospace
NewsAugust 31, 2021
CEDAR RAPIDS, Iowa. Collins Aerospace, a Raytheon Technologies business, has signed a definitive agreement to acquire privately held FlightAware, a digital aviation company providing global flight tracking solutions, predictive technology, analytics, and decision-making tools.
Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals. Following closing, FlightAware will join Collins' Information Management Services portfolio within the company's Avionics strategic business unit. Financial terms of the agreement were not disclosed.
Through the collection and analysis of multiple sources of data, including data from FlightAware's own proprietary terrestrial ADS-B network with thousands of receivers spanning seven continents in 200 countries and territories, FlightAware aims to transform millions of raw flight data elements and delivers them as coherent flight stories.
"The world's aerospace companies and aircraft operators are looking to digital aviation to provide the next revolution in aviation efficiency and reliability," said Daniel Baker, CEO of FlightAware, "and we are excited to join Collins Aerospace and Raytheon Technologies at this pivotal time to continue to lead that revolution at an even broader scale."
