FlightAware operates the world’s premier flight tracking and data platform
Collins Aerospace, a Raytheon Technologies businessâ€¯(NYSE:â€¯RTX),â€¯has signed aâ€¯definitive agreement to acquire privately-held FlightAware,â€¯a leadingâ€¯digital aviation company providing globalâ€¯flight tracking solutions, predictive technology, analytics and decision-making tools.
Closure of theâ€¯acquisition is subject to the completion of customary conditions and regulatoryâ€¯approvals. Following closing, FlightAware will join Collins’ Information Management Services portfolio within the company’sâ€¯Avionicsâ€¯strategic businessâ€¯unit.â€¯Financial terms of the agreement were not disclosed.
“Global connectivity now shapes and impacts every segment of aviation. FlightAware is the recognized leader in data collection, analytics and customer experience, which will help Collins unlock the full power of the connected ecosystem for our customers,” said Dave Nieuwsma, Collins Aerospace’s head of Avionics. “FlightAware’s flight tracking and data platform, the largest in the world, has the potential to deliver new capabilities and innovations across our entire business.”
“The world’s aerospace companiesâ€¯and aircraft operators are looking to digital aviation to provide the next revolution in aviation efficiency and reliability,”â€¯said Daniel Baker, CEO of FlightAware, “andâ€¯we are excited to join Collins Aerospace and Raytheon Technologies at this pivotal timeâ€¯toâ€¯continue toâ€¯lead that revolutionâ€¯at an even broader scale.”â€¯
Basedâ€¯inâ€¯Houston,â€¯Texas,â€¯withâ€¯approximatelyâ€¯130â€¯employees,â€¯FlightAwareâ€¯wasâ€¯foundedâ€¯inâ€¯2005â€¯andâ€¯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. Through the collection, interpretation, and enrichment of hundreds of sources of data, including data from FlightAware’s own proprietary terrestrial ADS-B network with tens of thousands of receivers spanning seven continents in 200 countries and territories,