Rockwell Collins Completes B/E Aerospace Acquisition - Quick Facts

(RTTNews) - Rockwell Collins, Inc. (COL) announced it has completed the acquisition of B/E Aerospace for $8.6 billion in total consideration, including debt assumed. Effective immediately, B/E Aerospace is rebranded Rockwell Collins. Werner Lieberherr, former B/E Aerospace president and chief executive officer, now becomes executive vice president and chief operating officer of Rockwell Collins' newly created Interior Systems business. Rockwell Collins now has nearly 30,000 employees and pro forma annual revenue in excess of $8 billion based on calendar 2016 results.

The transaction is expected to be double-digit accretive to GAAP earnings per share in fiscal 2018. Rockwell Collins expects the transaction to generate run-rate pre-tax cost synergies of approximately $160 million ($125 million after tax). The company expects to achieve 90 percent of the cost synergies by the end of fiscal 2019.

Rockwell Collins said it will issue updated fiscal 2017 guidance during its second quarter earnings call on April 21.