CEDAR RAPIDS, Iowa (AP) -- Rockwell Collins Inc. said Monday it has completed its acquisition of a Virginia company that specializes in flight control and navigation equipment for unmanned aerial vehicles.
Warrenton, Va.-based Athena Technologies Inc. will now operate under the Rockwell Collins name with its financial results reported as part of the government systems business unit.
Financial details of the deal were not immediately released.
The acquisition is projected to be neutral to Rockwell Collins' fiscal year 2008 earnings, the company said in a statement.
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"We look forward to offering more fully integrated and comprehensive solutions to both unmanned and manned market segments as a result of this acquisition," said Ron Hornish, a Rockwell Collins vice president.
Rockwell Collins develops and deploys communication and aviation electronic equipment for commercial and government applications. It has 20,000 employees, and a global service and support network that crosses 27 countries.
Shares were trading 11 cents lower at $62.54 in early trading. They have traded between $53.24 and $76 in the past 52 weeks.