Rockwell Collins completes purchase of satellite company - KWWL - Eastern Iowa Breaking News, Weather, Closings

Rockwell Collins completes purchase of satellite company

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CEDAR RAPIDS (KWWL)--Cedar Rapids-based Rockwell Collins has completed a purcahse of DataPath INC, a Duluth, Ga., company that designs and deploys satellite communication systems.

Rockwell Collins announced Monday it had bought all outstanding shares of DataPath, Inc., for $130 million. DataPath will operate under the Rockwell Collins brand.

DataPath reported revenues of $243 million in 2008.

Rockwell Collins, which is a defense contractor and manufacturer of parts for private jets and commercial airlines, said the purchase should not change the company's 2009 earnings.

 

Online Producer-Chris Becker

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