Davis Polk advised FlightAware in the transaction.
FlightAware completed its sale to Collins Aerospace, a Raytheon Technologies business. Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals. Following closing, FlightAware will join Collins’ Information Management Services portfolio within the company’s Avionics strategic business unit. Financial terms of the agreement were not disclosed.
Based in Houston, Texas, with approximately 130 employees, FlightAware was founded in 2005 and is a leading provider of real-time and historical flight information and insights to the global aviation community. FlightAware serves all segments of the aviation marketplace through best-in-class applications and data services that provide comprehensive information about the current and predicted movement of aircraft.
Collins Aerospace, a unit of Raytheon Technologies Corp. , is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. Created in 2018 by bringing together UTC Aerospace Systems and Rockwell Collins, Collins Aerospace has the capabilities, comprehensive portfolio and expertise to solve customers’ toughest challenges and to meet the demands of a rapidly evolving global market.
Raytheon is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses – Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense – the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics and quantum physics.
The Davis Polk corporate team included partner Evan Rosen (Picture) and associates Christine Choi, Helen Zhang and Alex Yang. The executive compensation team included partner Jeffrey P. Crandall and associate Charlotte R. Fabiani. The tax team included partner David H. Schnabel and associate Elina Khodorkovsky. The intellectual property and technology transactions team included partner Pritesh P. Shah and associate S. Dream Montgomery.
Involved fees earner: Christine Choi – Davis Polk & Wardwell; Jeffrey Crandall – Davis Polk & Wardwell; Charlotte Fabiani – Davis Polk & Wardwell; Elina Khodorkovsky – Davis Polk & Wardwell; S. Dream Montgomery – Davis Polk & Wardwell; Evan Rosen – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Alex Yang – Davis Polk & Wardwell; Helen Zhang – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;