By Kimberly Chin
Collins Aerospace, a subsidiary of Raytheon Technologies Corp., agreed to acquire privately held flight-tracking and data platform FlightAware on Monday, in a move that aims to expand the company's connected aviation ecosystem.
The financial terms of the transaction weren't disclosed. Following the deal's completion, FlightAware will become a part of Collins' information management services portfolio within its Avionics business unit, the company said.
Houston-based FlightAware was founded in 2005 and is known for providing real-time and historical flight information and insights.
Collins Aerospace is an aerospace and defense products supplier.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
08-30-21 1833ET