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Rockwell sells space and defense ops in $3 billion buyout
Rockwell plans to sell its space and defense operations to Boeing Co in a deal valued at over $3 billion. The shift follows a broader post Cold War industry shakeout as Boeing expands into space and defense. Rockwell pivots to high tech products and overseas sales, and will be debt free after the sale, enabling future acquisitions and stock buybacks.
MENTIONED IN THIS ARTICLE
Rockwell
Seal Beach
Calif
Teetee Ae Corp
Boeing Co
Boeing
Phil Condit
Acceler
Eewell
Aerospace
California
Beall
Lockheed Corp
Rosie the Riveter
Burbank
Washington
Martin Marietta Corp
Loral Corp
Lockheed Martin Corp
Northrop Corp
Losee
Long Island
N.Y
Grumman Corp
McDonnell Douglas Corp
St. Louis
Defense
Raytheon Co
McDonnell Douglas Werereto
One Electronics
General Motors
Raytheon
Oe Street