CEDAR RAPIDS, Iowa, 7 Sept. 2006. Leaders of Rockwell Collins Inc., the avionics and communications designer in Cedar Rapids, Iowa, moved to enhance the company's tactical data link and network-centric operations capabilities by acquiring an Ottawa-based developer of fast military HF/VHF/UHF modem and networking products.
Rockwell Collins acquired all outstanding shares of IP Unwired for an undisclosed amount of cash. The acquisition "strengthens our network-centric operations offerings," says Clay Jones, Rockwell Collins chairman, president and chief executive officer. "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."
IP Unwired has annual revenues of approximately $3 million, which will not materially affect Rockwell Collins's earnings for the fiscal year ending September 30, 2006, Rockwell Collins officials say. About 30 IP Unwired employees will join Rockwell Collins.
For more information contact Rockwell Collins online at www.rockwellcollins.com.
