Rockwell Collins to acquire Athena Technologies, expand UAV capabilities

CEDAR RAPIDS, Iowa, 4 March 2008.Rockwell Collins Inc. announced its intent to acquire Athena Technologies Inc., a privately held company that develops and provides flight control and navigation solutions primarily to the unmanned aerial vehicle (UAV) market segment. Terms of the agreement were not disclosed.

The transaction is expected to be completed in about 30 days and is subject to regulatory approvals. The acquisition is expected to be neutral to Rockwell Collins' fiscal year 2008 earnings.

Athena Technologies is a developer and producer of navigation and control systems. Founded in 1998, the company produces the GuideStar family of versatile, compact, and cost-effective flight control systems for applications on commercial aircraft, UAVs, target drones, and missiles.

The company is an independent, privately held firm with headquarters in Northern Virginia.