Rockwell Collins to Acquire B/E Aerospace for $8.3 Billion in Total Consideration

CEDAR RAPIDS, Iowa & WELLINGTON, Fla. -- Rockwell Collins (COL), a global leader in high-integrity solutions for aerospace and defense, and B/E Aerospace (BEAV), the world’s leading manufacturer of aircraft cabin interior products, today announced that they have entered into a definitive agreement under which Rockwell Collins will acquire B/E Aerospace for approximately $6.4 billion in cash and stock, plus the assumption of $1.9 billion in net debt.
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Under the terms of the agreement, each B/E Aerospace shareowner will receive total consideration of $62.00 per share, comprised of $34.10 per share in cash and $27.90 in shares of Rockwell Collins common stock, subject to a 7.5% collar. This represents a premium of 22.5% to the closing price of B/E Aerospace common stock on Friday, October 21, 2016.
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Astrotech’s 1st Detect and Battelle Collaboration Awarded Phase III of the DOD’s JPEO-CBD Next Generation Chemical Detection Solution

AUSTIN, Texas -- Astrotech Corporation (ASTC) subsidiary 1st Detect Corporation and strategic partner Battelle Memorial Institute completed the Brassboard Phase and were awarded the Final Prototype Phase of the US military’s Next Generation Chemical Detector (NGCD) Multi-Sample Identifier (MSI) Technology Maturation and Risk Reduction Program. During this upcoming phase, 1st Detect will deliver multiple OEM-1000NG Core Analyzer units for integration into Battelle’s NGCD prototype solution. Battelle is the prime contractor for the Department of Defense’s Joint Program Executive Office for Chemical and Biological Defense (DOD’s JPEO-CBD) next generation chemical detection solution program.
“We are pleased to have passed Phase II,” stated Brent Shroy, Manager of Battelle’s CBRNE Product & Lifecycle Management Business. “1st Detect’s chemical analyzer is the engine that enables the detection of complex compounds with high levels of sensitivity and accuracy. Through our collaboration, we have created a rugged, lightweight instrument that delivers lab quality performance and can be easily employed in the field. We look forward to continuing with 1st Detect to further refine our solution during Phase III.”
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Astrotech Corporation to Sell Astrotech Space Operations Business to Lockheed Martin for $61 Million

AUSTIN, Texas, May 29, 2014 -- Astrotech Corporation (ASTC) today announced a major step in its strategic evolution with the signing of a definitive agreement to sell the assets constituting its Astrotech Space Operations business (ASO) to Lockheed Martin Corporation, including the assets of its wholly owned subsidiary, Astrotech Space Operations, for $61 million.

"We are very excited about what this transaction means for our shareholders," stated Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech Corporation. "This represents the beginning of a new era for Astrotech Corporation as the company can now concentrate our efforts on high growth business opportunities while having the needed resources to develop and fulfill the potential of our 1st Detect mass spectrometer product line."

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B/E Aerospace Announces It is Engaged in a Process to Explore Strategic Alternatives; May 5th Investor Meeting Postponed

B/E Aerospace, Inc. ("B/E" or the "Company") (BEAV), the world’s leading manufacturer of aircraft cabin interior products and the world’s leading provider of aerospace fasteners, consumables and logistics services, announced today that it is engaged in a process to explore and evaluate the Company’s strategic alternatives involving the Company and its respective businesses to enhance shareholder value. The Company has retained Citigroup as its financial advisor and Shearman & Sterling LLP as its legal advisor in connection with this process.

These strategic alternatives could include, amongst others, a possible sale or merger of the Company; the sale, spin-off or other separation of selected businesses within B/E or other strategic transactions involving the Company or its businesses.

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Orbital and ATK’s Aerospace and Defense Groups to Combine in $5 Billion Merger-of-Equals to Create “Orbital ATK”, a New Global Aerospace and Defense Systems Company

-- Customers to Benefit from Broader Range of Technological Innovation and More Affordable Systems and Products in Space, Defense and Aviation Markets ---- Shareholders to Benefit from Opportunities for Faster Growth and Stronger Earnings of Combined Enterprise With Compelling Operational and Financial Synergies ---- Employees to Benefit from Greater Long-Term Career Opportunities as Part of a Leading Aerospace and Defense Manufacturer ---- 9:00 a.m. Conference Call with Financial Analysts and Investors to be Webcast --

DULLES, Va.--(BUSINESS WIRE)-- Orbital Sciences Corporation (ORB) today announced that it has entered into a definitive agreement with Alliant Techsystems Inc. (ATK), which will combine Orbital and ATK’s Aerospace and Defense (A&D) Groups to create a $4.5 billion (combined calendar year 2013 annual revenue), 13,000-person space, defense and aviation systems developer and manufacturer.

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