Rockwell Collins sells its military ground-based satellite communications businessNews
July 30, 2014
CEDAR RAPIDS, Iowa. Rockwell Collins, Inc. (NYSE: COL) officials announced the company has sold its satellite communications business. The business, which designs, manufactures, and services ground-based satellite communication systems mainly for military customers, will be renamed DataPath, Inc.
“This transaction is part of a strategy to reshape our Government Systems portfolio to align with the changing dynamics of the defense environment, and focus on core products that will fuel future growth for the company,” says Rockwell Collins CEO and President Kelly Ortberg.
The sale covers operations in Duluth, Ga., and Stockholm, Sweden, and includes about 365 employees.