Rockwell Collins acquires Anzus, Inc.
CEDAR RAPIDS, Iowa (September 25, 2006) - Rockwell Collins, Inc. (NYSE: COL), a global leader in aviation electronics and communications, has entered into a definitive agreement to acquire Anzus, Inc., a privately owned developer of software that enables high-speed tactical data link processing and sensor correlation for the U.S. Department of Defense as well as foreign governments.
“Anzus is an innovative company that will enhance Rockwell Collins’ Tactical Data Link Integration solutions, providing software applications that will greatly augment our Network-Centric Operations capabilities,” said Rockwell Collins Chairman, President and CEO Clay Jones.
Pursuant to the terms of the agreement, Rockwell Collins is acquiring all outstanding shares of Anzus in a cash transaction. Approximately 50 Anzus employees will join Rockwell Collins. With annual revenues of approximately $12 million, the acquisition will not materially affect Rockwell Collins’ earnings for the fiscal years ending September 30, 2006 and 2007.
“This acquisition is a winning combination for Anzus and Rockwell Collins,” said Phil Yanni, co-founder, Anzus Inc. “Rockwell Collins has a keen understanding of the smart communications and data link integration marketplace, where our software solutions work well. Both companies have unique strengths, but we share a common approach to building trust and developing solutions that provide network-centric interoperability for our clients.”
Anzus, Inc., founded in 1986, is a leading provider of military real-time data exchange, forwarding, display and situational awareness software applications fielded throughout the U.S. military and in numerous allied and NATO countries. Headquartered in Poway, Calif., the company specializes in engineering, training and technical services in the areas of command and control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR).
Rockwell Collins is a pioneer in the development and deployment of innovative communication and aviation electronics solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications and information management is strengthened by 17,000 employees, and a global service and support network that crosses 27 countries. To find out more, visit www.rockwellcollins.com.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the risks inherent in the integration of Anzus, Inc. into Rockwell Collins.
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