CEDAR RAPIDS, Iowa, 27 September 2006. Rockwell Collins Inc., a leader in aviation electronics and communications, has acquired all outstanding shares of IP Unwired, a privately owned developer of high data rate HF/VHF/UHF modem and networking products and services for U.S. and international military customers.
"This acquisition strengthens our network-centric operations offerings," says Rockwell Collins chairman, president, and CEO Clay Jones. "IP Unwired's capabilities and technologies help enable the connectivity that our military needs today and align well with our continued growth in Transformational Defense Communication."
Acquired for an undisclosed amount of cash, IP Unwired, with annual revenues of approximately $3 million, will not materially affect Rockwell Collins' earnings for the fiscal year ending September 30, 2006. Approximately 30 IP Unwired employees will join Rockwell Collins.
IP Unwired, located in Ottawa, Canada, is a worldwide provider of advanced digital communications and networking technology for challenging wireless environments.
