Aerospace & Defense

Rockwell Collins stock jumps on report of United Technologies considering an acquisition

Key Points
  • United Technologies is considering a deal for Rockwell Collins, Bloomberg reports.
  • Rockwell Collins' stock rose more than 6 percent after-hours.
UTX weighs deal for Rockwell Collins - Report

Shares of Rockwell Collins jumped more than 6 percent Friday after Bloomberg reported that United Technologies was considering acquiring the $19 billion company.

Shares of United Technologies stock barely budged following the report. The sprawling defense, commercial aerospace and building space company's stock has risen nearly 11 percent this year.

Rockwell Collins' stock has increased even more this year. Shares of the aviation, rail and defense company have increased 28 percent year to date.

Bloomberg, citing sources familiar with the matter, said it's uncertain whether a deal will emerge from the deliberations. Additionally, the news service said it wasn't clear whether Rockwell Collins and United Technologies were holding discussions.

Both companies declined to comment.

Read the Bloomberg story here.