CEDAR RAPIDS, Iowa -- Rockwell announced today that it has exercised its option to acquire l00 percent ownership of Flight Dynamics, the market leader in Head Up Guidance Systems for aircraft operations. The closing of the transaction is expected to occur by the end of the quarter. "Flight Dynamics brings important technology to the core Rockwell Collins businesses. This acquisition is integral to our strategy of increasing our aviation electronics content across multiple platforms and increasing our strong market position,'' said Clay Jones, president of Rockwell Collins. Flight Dynamics, with 250 employees based in Portland, Ore., is a leader in advanced approach guidance systems, which provide increased pilot awareness and safety in low visibility and marginal weather conditions. Their patented Head Up Guidance System (HGS¨) technology is certificated and operating on business, regional, airline and military transport aircraft. Flight Dynamics was formerly operated as a joint venture of Rockwell Collins and Kaiser Aerospace Electronics Corporation, Foster City, Calif. Rockwell Collins, with headquarters in Cedar Rapids, Iowa, designs, produces, markets and supports communication and aviation electronics for commercial, military and government customers. The business employs approximately 14,000 people worldwide. Rockwell is a $7 billion electronic controls and communications company with global leadership market positions in industrial automation, avionics and communications, and electronic commerce. The company employs about 40,000 people at more than 450 locations in 40 countries.
