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Rockwell Collins Sells Satellite Business
CEDAR RAPIDS, Iowa (AP) - Military contractor and commercial and private jet equipment supplier Rockwell Collins Inc. says it has completed the sale of its satellite communications business.
The Cedar Rapids-based company says the business will be renamed DataPath Inc. The business designs, manufactures and services ground-based satellite communication systems primarily for military customers.
Details of the sale were not immediately released.
The company says in a statement Friday the sale is part of a strategy to reshape its government systems business to focus on core products that will fuel future growth.
The sale includes operations in Duluth, Georgia, and Stockholm, Sweden, and includes about 365 employees.
Rockwell acquired DataPath in June 2009 in a transaction valued at $130 million and incorporated the products into its own Rockwell Collins brand.
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