Rockwell Collins completes acquisition of Athena Technologies

Rockwell Collins, Inc. (NYSE: COL) has completed its acquisition of Athena Technologies, Inc., a company that develops and provides flight control and navigation solutions primarily to the Unmanned Aerial Vehicle (UAV) market segment.

Athena Technologies will now operate under the Rockwell Collins name, with its financial results reported as part of the Government Systems business unit.

“We are extremely pleased to welcome Athena Technologies to the Rockwell Collins team,” said Ron Hornish, vice president and general manager, Precision Strike Solutions for Rockwell Collins. “The new navigation and control solution capabilities, as well as the talent and skills of Athena employees, will bring exciting new opportunities to Rockwell Collins. We look forward to offering more fully integrated and comprehensive solutions to both unmanned and manned market segments as a result of this acquisition.”

The acquisition is projected to be neutral to Rockwell Collins’ fiscal year 2008 earnings.